Truist Can't Dodge Trial In Santander's $16M Transfer Fight

Law360 (January 6, 2020, 6:24 PM EST) -- A Pennsylvania federal judge has cleared the way for a trial in a Santander Bank lawsuit filed against BB&T Co., now known as Truist Bank, that seeks to recover more than $16 million allegedly used by a fraudster to pay off an outstanding line of credit for his now-defunct information technology company.

U.S. District Judge Jennifer P. Wilson on Friday denied Branch Banking & Trust Co.'s bid for summary judgment in the suit, which stems from a $50 million bank fraud that Gaver Technologies Inc. founder Mark Gaver was accused of perpetrating against Santander Bank NA, a U.S. arm of Banco...

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