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Another Win for Banks: Illinois Federal Court Tosses Wire Fraud Claims

USA - July 1 2022 A recent decision out of the Northern District of Illinois should help banks defend against increasingly common claims involving fraudulent wire…

Elizabeth M. Briones, Susan E. Flint, Jon S. Hubbard, Punit K. Marwaha, Mary C. Zinsner

Complaint Dismissed Where Hacker-Induced Wire Transactions Authorized by Bank’s Customer

USA - May 3 2022 A federal district court in New Jersey recently dismissed a complaint against a bank filed by a commercial customer duped by a business email…

Elizabeth M. Briones, Susan E. Flint, Mary C. Zinsner

Texas Supreme Court Holds Administrative Wire Transfer Form Does Not Impose Contractual Duties on Bank

USA - April 6 2022 In Cadence Bank, N.A. V. Roy J. Elizondo III, PLLC, the Supreme Court of Texas recently held that an administrative form relied upon by a victim of a…

Christopher W. Bascom, Elizabeth M. Briones, Susan E. Flint, Jon S. Hubbard, Michael E. Lacy, Mary C. Zinsner

Supreme Court of Virginia Rules Payable-on-Death Beneficiary Lacks Standing to Enforce UCC Midnight Deadline Rule

USA - March 17 2022 The Uniform Commercial Code’s (UCC) midnight deadline rule imposes an obligation on payor banks to return dishonored checks before midnight of the…

Sarah Siu, Elizabeth M. Briones, Susan E. Flint, Mary C. Zinsner

Fourth Circuit Revisits Law of Contract Formation in the Digital Age and Finds No Agreement to Arbitrate

USA - April 23 2021 The Fourth Circuit recently affirmed a district court’s finding that no agreement to arbitrate claims was ever formed, holding that because the…

Elizabeth M. Briones, Mary C. Zinsner