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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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