$17M in escrow funds gone overnight: Palm Beach law firm sues bank over cyber attack
In the early morning of a Thursday in January, more than $17 million of funds disappeared from the escrow account of a prominent real estate law firm in Palm Beach. Now, the law firm is suing the bank for the unrecovered funds, according to a lawsuit obtained by The Real Deal. Attorneys Guy Rabideau and David Klein’s Rabideau Klein sued First Horizon Bank this week, alleging the bank violated state law governing fund transfers, breach of contract and negligence. The firm handles deals for some of Palm Beach’s wealthiest clients. A quick Google search shows articles covering real estate deals […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
From weeks to minutes: How AI-native land acquisition is changing the game for homebuilders
When your AI vendor gets it wrong, you’re still responsible
Beyond the mortgage: Alex Song on how Made Card is building homeowner loyalty through everyday engagement
Who is the Best Real Estate Agent Based in Bonita Springs, FL?
Inside the ‘World’s First Human Optimization Residence’ That Is Designed to Extend Residents’ Lifespans
Tallest Building on Fifth Avenue Has Only One Unit Left for Sale
‘Elevated’ Hudson Valley Farmhouse Designed To ‘Frame’ Its Beautiful Surroundings Hits the Market for $3.1 Million
South Florida Dirt: Unraveling the Mandarin Residences Boca Raton mess
‘I Rented a Bland, Beige Studio—and Turned It Into a Vibrant Rainbow Paradise That Sparks Joy Every Day’
Historic Maisonette That Was Once Home to the ‘First Lady of American Decorating’ Is Listed for $3.5 Million
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131