Tag Archives: Uniform Commercial Code

Nevada Bench Trial Applies UCC in Allocating Loss Between Hacked Seller and Duped Buyer

In cybercrime cases, there often are two victims: one a business subject to an email hack and another that transmits funds based on fraudulent wire instructions from the hacked email account.  Which party should bear the loss? A Nevada federal … Continue reading

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D.C. Law Firm Victim of Email Wire Fraud Fails to Sufficiently Plead Bank Aiding and Abetting

A recent email funds transfer fraud case illustrates a novel claim against a bank dismissed at the pleading stage.  Beins, Axelrod, PC v. Analytics, LLC, 2020 U.S. Dist. LEXIS 71713 (D.D.C. Apr. 23, 2020).  After a D.C. law firm, seeking its … Continue reading

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American Law Institute/Uniform Law Commission Joint Study Committee Seeks Input on Need to Amend to the UCC for Emerging Technologies

The American Law Institute and the Uniform Law Commission recently formed a joint study committee to examine whether there is a need to further amend the current Revised Uniform Commercial Code (UCC) in light of emerging technologies, such as artificial … Continue reading

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