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Wednesday, April 23, 2025

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No fault for fraud

BATON ROUGE, La. — A federal judge in Louisiana granted summary judgment to a bank on its client’s claims that the bank is liable for the fraudulent wire transfer of nearly $400,000 intended for a juice company that instead went to a foreign hacker. The bank lacked actual knowledge that the wire transfer misdescribed the beneficiary prior to the payment.

Read the ruling here.

Categories / Briefs, Business, Financial, Technology

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