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Home / Opinion Digests / Bank isn’t liable for returning $456 million to sender (access required)

Bank isn’t liable for returning $456 million to sender (access required)

Where the state of California sent $456 million to the bank of a company from which it ordered 100 million N95 masks, but the state reversed the transaction after learning the company was only recently formed and its owners were lobbyists, the bank was not liable for returning the funds to California. Background On March 25, 2020, ...