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LOUISIANA RECORD

Friday, April 19, 2024

Roy Supply Co. alleges bank did not protect financial safety of customers

Law money 09

GRETNA – A Louisiana business is seeking damages, claiming that Capital One was responsible for a loss of money.

Roy Supply Co. Inc. filed a suit against Capital One Financial Corp., Capital One, Brooke Knuppel and Nadia Sanchez in the 24th Judicial District Court on May 23.

According to the claim, Capital One allegedly received a foreign bank draft for the amount of $96,817 on Oct. 21, 2015, allegedly received from a Roy Supply customer who was located in Canada. The suit states that Capital One Bank failed to contact Roy Supply to confirm the draft and that it was afterward discovered that the draft had been a mistake and the customer had overpaid. Later that month, the suit states Sanchez met with a Roy Supply representative, and confirmed that the funds in the account were available to be used, and the plaintiff wired it to another bank. The suit further states, however, that the plaintiff was contacted later that week and told that the funds were not available as they had been returned to the maker and now the plaintiff's account was overdrawn. The plaintiff allegedly lost more than $79,000 through the purported fault of Capital One.

The defendants are accused of negligence through their failure to follow the necessary banking rules, failure to take necessary steps to prevent such incidents and failure to communicate sufficiently with the plaintiff.

The plaintiff is seeking an unspecified amount in damages. The plaintiff is represented by Adrian A. Colon Jr. of Ballay, Braud and Colon in Belle Chasse. The case has been assigned to Division I Judge Nancy A. Miller.

The 24th Judicial District Court Case number 761114

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