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NJ Banks May Not Face Common Law Tort Claims for Improper Electronic Funds Transfers

On October 3, 2014 by Schnader in Finance

By Edward J. Sholinsky The New Jersey Supreme Court in a matter of first impression held that a non-customer of a bank cannot bring a common law negligence claim against that bank for an improper money transfer via the Internet.  In ADS Associates Group, Inc. v. Oritani Savings Bank, the court […]

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