Bank Sues Victim To Avoid Replacing $200k In Stolen Funds

Bank Sues Victim To Avoid Replacing $200k In Stolen Funds

What constitutes adequate security for a bank? PlainsCapital Bank in Lubbock, Texas says what it currently has is enough, and if after all that some crooks still manage to steal your money, it’s not the bank’s fault. The bank has preemptively sued a business customer, Hillary Machinery, to absolve itself from any liability on what it couldn’t get back from the more than $800,000 that was stolen by foreign hackers last November. [More]