Partner Brett D. Watson Authors Article Published by ABA Banking Journal Discussing Employee Embezzlement Claims Against Charge Card Issuers

Partner Brett D. Watson authored an article featured in the ABA Banking Journal, titled “Defending card issuers against employee embezzlement claims.” The article examines the rise in lawsuits brought against charge card issuers by employers seeking reimbursement for losses due to employee embezzlement. He writes that many such claims against card issuers “are meritless and costly.” Mr. Watson then provides a framework for successfully defending card issuers, comprised of, inter alia, demonstrating an employer’s “failure to properly supervise their employees, review their monthly account statements, and timely report any suspected unauthorized transactions.” Read full article.