PlainsCapital Bank, Hillary Machinery settle dispute over $800,000 stolen from PlainsCapital account. PlainsCapital filed lawsuit against Hillary, asking judge to declare bank’s security measures were “reasonable” PlainsCapital did not have a comment on the case or settlement. Hillary’s web pages that chronicled the case have now been taken down off of Hillary’s website. The case came to symbolize the growing conflict between banking institutions and business customers over responsibilities in cases of corporate account takeover. The settlement comes days after the judge in the case struck down PlainsCapital’s request to move the case into private arbitration.”]
Source: https://www.cuinfosecurity.com/bank-settles-suit-against-customer-a-2554