Banks and banking: Court reverses hacking victim’s verdict vs. bank
Apr 07, 2025
Where a company that was the victim of a hack sued the bank where it erroneously sent the funds, the district court erred when it awarded $558,868.71, plus attorney’s fees and costs. The bank could only be liable if it was actually aware of the misdescription, which was not the case.
https://valawyersweekly.com/2025/04/07/banks-and-banking-court-reverses-hacking-victims-verdict-vs-bank/
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