BigLaw Firm Sued Over $3M Wire Transfer to Fraudster’s Account
“Holland & Knight is facing a lawsuit alleging that it failed to prevent the transfer of more than $3 million to a fraudster’s account in Hong Kong,” reports Debra Cassens Weiss in ABA Journal’s News.
“The lawsuit, filed in June in Utah state court, was removed to federal court this week, the American Lawyer reports.”
Holland & Knight is accused of failing to investigate after the fraudster intercepted emails regarding a stock sale, posed as the seller, and instructed the law firm to wire $3.1 million from the stock buyer to another account. The new fraudulent account was identified as Wemakos Furniture Co. Limited.”
