2nd Circuit Affirms $5.8M Judgment In Insured’s Favor In Computer Fraud Dispute

Mealey's (July 10, 2018, 1:47 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on July 6 affirmed a lower federal court’s ruling that a firm's multimillion dollar loss due to a fraudulent wire transfer scheme constituted computer fraud under the company's executive protection insurance policy (Medidata Solutions Inc v. Federal Insurance Company, No. 17-2492, 2nd Cir., 2018 U.S. App. LEXIS 18376)....