RESPONSIBILITY FOR STOLEN SETTLEMENT FUNDS

Ultimately, the district court held a hearing and decided the plaintiff should bear the risk of loss of the funds. "The court in Bile-and the court in your case-is going to have to decide which of two innocent parties, the plaintiff or the defendant, should be responsible for the lost funds.[.....

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Bibliographic Details
Published inLitigation Vol. 44; no. 2; p. 64
Main Author DOWNEY, MICHAEL
Format Journal Article Trade Publication Article
LanguageEnglish
Published Chicago Section of Litigation, American Bar Association 01.12.2018
American Bar Association
Subjects
Federal court decisions
Hackers
Scruples
Settlements & damages
United States > US
Virginia
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Summary:Ultimately, the district court held a hearing and decided the plaintiff should bear the risk of loss of the funds. "The court in Bile-and the court in your case-is going to have to decide which of two innocent parties, the plaintiff or the defendant, should be responsible for the lost funds.[...]plaintiff's counsel had advance warning of potential problems and could have taken steps-such as warning defense counsel- to ensure no problems arose.
ISSN:0097-9813
2162-9765