Banks and Banking


Barbara Cray in an AV-Preeminent-rated and highly experienced attorney handling diverse needs of financial services industry clients and corporate clients.  She has operated her own firm in business litigation for over 25 years.  Barbara moved from California to Maine last year, and is admitted to practice in the state and federal courts in Maine.   


Barbara is relied upon for sophisticated, learned and intelligent analytical skills.  She is an accomplished litigator with over twenty years of successful first-chair jury trial defense of complex commercial matters.  Trusted to handle difficult problems involving changing technologies and regulations.  Innovative thinker invoking creative problem solving skills.  Effective communicator of ideas, theories, concepts, plans and solutions.  Respected in the judicial community for written and oral advocacy and ethics.  Successful mediator serving the U.S. District Court. 




Complex commercial litigation representation including Uniform Commercial Code, operations fraud, and lender liability

Advice and counsel of financial institutions on operations, fraud detection and risk assessment

Bank operational issues including checks, deposits, wire transfers/NACHA, other cash management or payment systems

Unfair business practices and antitrust

International financial transactions

Commercial loan documentation and loan workout


Regulatory and statutory compliance


Account products, debit and credit cards, merchant banking


Negotiation and documentation


Bankruptcy and creditor's remedies


Bank policies and procedures



Selected achievements:

*  Made new law favorable to banks in multiple cases involving trial of cases against banks for unauthorized transactions under Commercial Code Section 4406, and unauthorized electronic funds transfers under Article 11 (4A) of the Commercial Code.


*  Proven successful representation of financial institutions in situations of changing laws and regulations.


*  Saved financial institutions millions of dollars in handling scores of operational fraud or loss to successful conclusion


In connection with her mediation work, Ms. Cray has mediated cases under the Fair Debt Collection Practices Act and the Fair Credit Reporting Act.