Chad Eric Watt reports on a case that made news because of who sued whom:
PlainsCapital Bank has settled a lawsuit it brought against a Plano business after cyber thieves transferred more than $800,000 from the company’s PlainsCapital bank account.
Hillary Machinery Inc. and PlainsCapital were able to recover about $600,000 of the funds sent from its account to eastern Europe.
When it asked PlainsCapital to repay the remaining $229,000, the bank responded by filing a lawsuit, said Troy Owen, sales vice president and co-owner at Hillary.
Read more in the Dallas Business Journal.