KREIG BANKING EXPERT

Many cases involving banks require the use of testimony from an banking expert witness. In a case implicating the negligence of a bank, courts generally take the view that the reasonable commercial standards of the banking business are beyond the common knowledge of a jury. The testimony of an expert is needed to make out a prima facia case of negligence against a bank. The expert must testify as to the standard of care of a bank, a deviation from that standard of care by the bank, and a causal connection between the deviation and the plaintiff's loss. On the defense side, the testimony of an expert is needed for the same reason - to provide evidence for the jury that the actions of the bank met the required standard of care.

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