Cases & Deals

Client's life savings returned after being wrongfully disbursed by her bank via unauthorized wire transfers

Clients Iwuji, Dorothey C.

Jones Day's New York Office won a motion for summary judgment for its client, Dorothey C. Iwuji, against North Fork Bank. In this action, under NY UCC § 4-A-204 and N.Y. Banking Law § 675, Mrs. Iwuji, a former United Nations civil servant, sought the return of $32,000 - her life's savings - wrongfully disbursed by North Fork Bank via two unauthorized wire transfers, as well as the return of related fees and lost interest. Ultimately, this came to $42,092, which the bank paid Mrs. Iwuji in December 2007 after two years of litigation. The effort was led by Steve Bennett.