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State Supreme Court upholds bank negligence in St. Bernard School embezzlement

Published July 29. 2014 4:57PM
Updated July 30. 2014 1:48AM

By Karen Florin

TheDay-logo
Publication: theday.com

The state Supreme Court has upheld a 2012 jury finding that Bank of America’s negligence enabled a former St. Bernard School employee to embezzle more than $800,000 from the school between 2002 and 2006.

In rejecting the bank’s appeal, the Supreme Court, in an advance release opinion published Tuesday, found that the $823,776 jury award to the school “neither shocks the conscience of this court nor falls outside the limits of just damages.” Read More >>