$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 […]

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