District Court, D. Utah March 30, 1992, 90-C-814A (Shearson Lehman Bros., Inc. v. Wasatch Bank)

ORDER

ALDON J. ANDERSON, Senior District Judge.

Before the court is Defendant’s Motion for Summary Judgment. The core issue presented by the motion is whether and to what extent a collecting or depositary bank will be liable to the drawer or the unintended payee of a check when the drawer’s faithless employee induces the drawer to issue checks, fraudulently indorses them in the name of the