Jacobs v. Barclays Bank PLC

CourtDistrict Court, S.D. New York
DecidedJanuary 7, 2025
Docket1:24-cv-00909
StatusUnknown

This text of Jacobs v. Barclays Bank PLC (Jacobs v. Barclays Bank PLC) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jacobs v. Barclays Bank PLC, (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

JOSHUA JACOBS, Plaintiff, 24-CV-909 (RA) v. OPINION & ORDER BARCLAYS BANK PLC, Defendant.

RONNIE ABRAMS, United States District Judge: Plaintiff Joshua Jacobs brings this action against Defendant Barclays Bank PLC (“Barclays” or the “Bank”), asserting claims of negligence, aiding and abetting fraud, and violation of Article 4A of the Uniform Commercial Code (“UCC”). Barclays moves pursuant to Federal Rule of Civil Procedure 12(b)(6) to dismiss all three of Jacobs’ claims. For the reasons that follow, the motion is granted. BACKGROUND The following facts are drawn from the allegations set forth in the Complaint and are taken as true for the purposes of this motion to dismiss. In or around July 2021, Jacobs, a New York resident, met a person online who identified herself as Vivian Pokuaa Acheampong (“Vivian”). Compl. ¶ 9, ECF No. 1. Vivian, who purported to reside in Ghana, told Jacobs that she had inherited a cocoa farm and “needed an infusion of cash to get the farm running profitably.” Id. ¶¶ 10–11. She offered Jacobs an opportunity to invest in the farm and introduced him to a man named Collins Amankwaa (“Collins”), who she said would facilitate Jacobs’ investment. Id. ¶ 12–13. Vivian and Collins sent information and documents to Jacobs that purported to demonstrate the legitimacy and investment potential of the farm. Id. ¶ 14. Once Jacobs decided to invest in the farm, Vivian and Collins directed him to wire funds to two accounts at Barclays, a London-based bank. Id. ¶¶ 15, 27. Between August 31, 2021, and November 16, 2021, at Vivian and Collins’ direction, Jacobs sent thirteen wire transfers to the two accounts, totaling $1,172,040. Id. ¶¶ 15– 35. At some point, Jacobs realized that he had been defrauded and began attempts to investigate

the fraud. He determined from the wire transfer receipts that both accounts were located in the United Kingdom, id. ¶¶ 15, 27, that one account was controlled by “F.O. Aseidu” and registered to an address outside of London (the “Aseidu Account”), id. ¶¶ 15, 17, and that the other was controlled by “Nigel Taylor,” for whom the wire transfer receipts list no physical address (the “Taylor Account”), id. ¶¶ 27, 29. On August 7, 2023 and thereafter, through counsel, Jacobs attempted to contact Barclays via letter to report the fraud and to demand “identifying information and documentation related to the individuals/entities who opened and/or controlled the Aseidu and Taylor Accounts.” Id. ¶¶ 39–40. He alleges, upon information and belief, that Barclays declined to accept delivery of the letter on at least one occasion and subsequently failed to respond to the letter. Id. ¶ 42.

Jacobs commenced this action against Barclays on February 7, 2024, asserting claims under New York law for negligence, aiding and abetting fraud, and violation of N.Y. UCC § 4-A- 202. ECF No. 1. On April 5, 2024, Barclays filed the instant motion to dismiss, which Jacobs has opposed. LEGAL STANDARD To survive a motion to dismiss under Federal Rule of Civil Procedure 12(b)(6), a complaint must plead “enough facts to state a claim to relief that is plausible on its face.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570 (2007). “A claim has facial plausibility when the plaintiff pleads factual content that allows the court to draw the reasonable inference that the defendant is liable for the misconduct alleged.” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009). “Where a complaint pleads facts that are merely consistent with a defendant’s liability, it stops short of the line between possibility and plausibility of entitlement to relief.” Id.1 On a Rule 12(b)(6) motion, the question is “not whether [the plaintiff] will ultimately prevail,” but “whether his complaint [is] sufficient to

cross the federal court’s threshold.” Skinner v. Switzer, 562 U.S. 521, 529–30 (2011). In answering this question, the Court must “accept as true all factual allegations . . . but [is] not required to credit conclusory allegations or legal conclusions couched as factual allegations.” Dane v. UnitedHealthcare Ins. Co., 974 F.3d 183, 188 (2d Cir. 2020). DISCUSSION Barclays moves to dismiss each of Jacobs’ three causes of action, arguing that: (1) N.Y. UCC § 4-A-202 does not apply to his relationship with Barclays, because he is not a customer of the Bank; (2) his common law negligence and aiding and abetting fraud claims are preempted by N.Y. UCC § 4-A; (3) he fails to state a claim for aiding and abetting fraud; and (4) he fails to state a claim for negligence. Jacobs concedes that dismissal of his N.Y. UCC § 4-A-202 claim is

appropriate, see ECF No. 18 at 15, and accordingly that claim is dismissed. The Court will address his remaining claims in turn.2 I. Aiding and Abetting Fraud Jacobs alleges that Barclays aided and abetted fraud by: (1) failing to confirm the identities of the Aseidu and Taylor Account holders; (2) failing to halt, freeze, or reverse the fraudulent wire transfers; and (3) refusing his request for information about the Accounts, which he sent to Barclays almost two years after the final wire transfer.

1 Unless otherwise indicated, this memorandum opinion and order omits all internal quotation marks, citations, footnotes, omissions, emphases, and alterations in quoted text. 2 Because the Court concludes that Jacobs fails to adequately plead either of his common law claims, it need not consider whether those claims are otherwise preempted by N.Y. UCC § 4-A. Under New York law, tortious aiding and abetting requires proof of: (1) “the existence of a primary violation”; (2) “actual knowledge” on the part of the abettor; and (3) “substantial assistance” in the violation. Kirschner v. Bennett, 648 F. Supp. 2d 525, 533 (S.D.N.Y. 2009). To plausibly allege actual knowledge, “a plaintiff must allege facts indicating that the alleged aider

and abettor had direct and clear knowledge of the wrongdoing—mere notice or unreasonable awareness is not enough.” Huang v. Hong Kong & Shanghai Banking Corp. LTD, No. 20-CV- 03548, 2022 WL 4123879, at *4 (S.D.N.Y. Sept. 9, 2022). A plaintiff may allege such knowledge by general averment at the motion to dismiss stage, see Fed. R. Civ. P. 9(b), but the complaint must nonetheless contain “allegations of specific facts that give rise to a strong inference of actual knowledge” of the underlying fraud. Rosner v. Bank of China, No. 06-CV-13562, 2008 WL 5416380, at *5 (S.D.N.Y. Dec. 18, 2008), aff’d, 349 F. App’x 637 (2d Cir. 2009). “[S]ubstantial assistance generally exists where: (1) a defendant affirmatively assists, helps conceal, or by virtue of failing to act when required to do so enables the fraud to proceed; and (2) the actions of the aider/abettor proximately caused the harm on which the primary liability is predicated. Id.

Barclays does not dispute that Jacobs was defrauded but contends that he has failed to plausibly allege that Barclays had the requisite actual knowledge of or substantially assisted in the fraud. The Court agrees. With respect to actual knowledge, the Complaint contains only conclusory allegations that Barclays “knew and realized the wire transfers . . . were fraudulent and criminal in nature,” Compl.

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Related

Bell Atlantic Corp. v. Twombly
550 U.S. 544 (Supreme Court, 2007)
Ashcroft v. Iqbal
556 U.S. 662 (Supreme Court, 2009)
Weshnak v. Bank of America, N.A.
451 F. App'x 61 (Second Circuit, 2012)
Kirschner v. Bennett
648 F. Supp. 2d 525 (S.D. New York, 2009)
In Re Agape Litigation
681 F. Supp. 2d 352 (E.D. New York, 2010)
Dane v. UnitedHealthcare Ins. Co.
974 F.3d 183 (Second Circuit, 2020)
Lerner v. Fleet Bank, N.A.
459 F.3d 273 (Second Circuit, 2006)

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Jacobs v. Barclays Bank PLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jacobs-v-barclays-bank-plc-nysd-2025.