Wells Fargo Sues JPMorgan Over Stolen Boies Schiller Funds

Law360, New York (July 3, 2012, 10:48 PM EDT) -- Boies Schiller & Flexner LLP lost nearly $500,000 in funds from its Wells Fargo Bank NA account after a man posing as an attorney for the law firm requested the fund transfers through a jewelry industry payment firm, according to Tuesday news reports.

Wells Fargo filed a complaint in New York federal court against JPMorgan Chase Bank NA to cover it for the lost $495,000 in funds belonging to Boies Schiller, which is not named in the suit, according to a Reuters report.

The funds were...
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