Walking the High-Wire: Defending Against Liability for an Unauthorized Wire Transfer in CA

Marc Schneider and Jason Anderson, both shareholders in Stradling's Litigation practice group, authored an article for the Orange County Business Journal entitled "Walking the High-Wire: Defending Against Liability for an Unauthorized Wire Transfer in California." The article goes into detail about the laws governing unauthorized wire transfers and the best practices to minimize the risk that a bank will be held liable for an unauthorized wire transfer. Stradling is currently the only firm in California that successfully proved at trial that a bank's security procedures were commercially reasonable, thereby positioning the firm to assist financial institutions by reviewing and auditing online banking policies, procedures and agreements, as well as to defend against claims for unauthorized wire transfers.

Read the article below.