Choice Escrow Land Title LLC is appealing a district court’s ruling in a legal dispute with its former bank over account takeover case. The case touches on key issues raised in similar legal disputes between commercial customers and banks over incidents of account takeover. In March, the district court favored BancorpSouth, noting that the $440,000 loss could have been prevented if the bank had accepted Choice’s offer for dual or two-person authorization on wire transfers. The company is asking the U.S. Court of Appeals to review the circumstances.”]
Source: https://www.cuinfosecurity.com/choice-escrow-appeals-wire-fraud-ruling-a-5849