Chubb Must Cover $4.8M Email Scam Loss, 2nd Circ. Affirms
By Jeff Sistrunk ( July 6, 2018, 1:54 PM EDT) -- The Second Circuit on Friday upheld a New York federal court's ruling putting a Chubb Ltd. unit on the hook for a $4.8 million loss that Medidata Solutions Inc. suffered when it was tricked into wiring money overseas through an email-based scheme, agreeing with a lower court that the incident clearly constitutes covered computer fraud under Medidata's policy....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.