Some lawsuits are frivolous, but most are not. If industry practices, the government, or some other combination of factors makes it impossible for you to avoid some kind of loss, your only recourse may be to file a lawsuit. I was reminded of this principal recently when I learned a couple in Illinois recently sued their bank for failing to secure their account from identity thieves. The bank tried to quash the lawsuit, but an Illinois district court judge recently issued a ruling allowing it to proceed. And for once, I agree. The lawsuit is definitely not frivolous. Here’s what happened, according to the allegations in the lawsuit: In February 2007, an intruder obtained online access to the wife’s Citizens Financial banking account using her user name and password. The intruder authorized an electronic transfer of US$26,500 from the couple’s line of credit to the wife’s business account. Next, the intruder initiated a transfer of the funds to an Austrian bank.
December 1, 2009
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August 19, 2009
Make the Most of Your Dog Training Manual | Offshore Asset …
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August 17, 2009
Maersk Oil begins production from Affleck | Offshore Asset …
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August 14, 2009
Arthritis Knee Exercises Strengthen the Muscles That Support the …
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Searcher Seismic, CGGVeritas complete Foxhound survey | Offshore …
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August 13, 2009
New Assembly Hall Expands Output Capacity | Offshore Asset …
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New Assembly Hall Expands Output Capacity | Offshore Asset …
Tax-News.com: UK Announces Details Of Liechtenstein Disclosure …
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August 12, 2009
Tax-News.com: IRS Extends FBAR Filing Deadline For More Taxpayers …
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August 11, 2009
J. Ray completes Maloob-C platform for PEMEX | Offshore Asset …
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