Firm Wants 2nd Shot At NJ Bank Over $1.4M Hacking Scam

By Katryna Perera (May 18, 2022, 6:31 PM EDT) — A commercial real estate financing firm asked a New Jersey federal judge Tuesday to reconsider his decision to dismiss a suit alleging that the lax security measures of a local bank caused it to wrongfully process nearly $1.4 million in fraudulent wire transfers between the real estate firm and a foreign entity as part of a hacking scheme.

Harborview Capital Partners LLC filed a motion for reconsideration, arguing that the court’s finding that the disputed transfers were not “unauthorized” did not address Harborview’s allegations that the transfers directly resulted from Cross River Bank’s failures.

Harborview further argued that its common law claims…

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