Judge: Comerica must pay company hit in phishing attack
David Ashenfelter reports on a ruling in a case with potentially huge implications, EMI v. Comerica (past coverage):
Comerica bank must reimburse a Sterling Heights sheet metal company $561,000 it lost in an Internet phishing attack, a federal judge has ruled in what may be the first such case nationally to be tried to a verdict.
U.S. District Judge Patrick Duggan said the bank should have detected and stopped the fraudulent activity against Experi-Metal shortly after it began in January 2009.
The company’s lawyer, Richard Tomlinson of Troy, said he was elated by Monday’s ruling.
Read more on Detroit Free Press.