Over the last few weeks, Lawyers Mutual has received multiple reports of North Carolina attorneys who were targeted by scammers attempting to divert seller closing proceeds following real estate transactions. Unfortunately, several of these attacks were successful and hundreds of thousands of dollars were stolen and are very unlikely to be recovered.
I’ve asked our claims attorney, Troy Crawford, to talk with me about what went wrong and how to prevent it.
Troy: While the details of the recent scams are emerging, it appears hackers first became aware of the closing by compromising email accounts of differing parties. Sometimes the attorney account was compromised, sometimes the seller’s account was compromised but the most common scenario was the realtor’s account was being monitored by international criminal organizations.
The Young Lawyers Division recently held its 62nd Annual Meeting in connection with the NCBA Annual Meeting in Charlotte. As the ceremonial gavel was passed across the room from our former YLD chairs, including past NCBA presidents, our current president, and our president-elect, I thought about how the YLD has truly been a training ground for leaders of our profession and our state.
I then looked around the room at the remarkable young lawyers present. What an honor it is to serve alongside such an incredible group of people. The young lawyers who make up the YLD’s leadership team truly represent the best of our profession. They are smart, hardworking, selfless people who give their precious time and abundant talents, and together they are leading our more than 6,400 YLD members to achieve some remarkable things.
https://www.ncbarblog.com/wp-content/uploads/2016/01/2adobestock_67374951-handshake.jpg7601140NCBARBLOGhttps://ncbarblogprod.wpengine.com/wp-content/uploads/2018/06/Blog-Header-1-1030x530.pngNCBARBLOG2016-08-23 11:40:002016-08-23 11:40:00Young Lawyers Are Doing Good, But Not Always Doing Well
Editor’s note: This is an updated version of the article that first appeared in the June 2016 edition of “The Litigator,” the NCBA Litigation Section newsletter. The article was updated Aug. 3, 2016.
When first established in 1995, the Business Court was touted as a way to make North Carolina’s “court system as responsive and predictable as the Delaware Chancery Court in dealing with complex corporate issues.” The Business Court has largely delivered on its promise of ease of use and predictability based, in part, on assignment of cases to a single (and highly qualified) Business Court judge and an e-filing system that practitioners could utilize from any jungle paradise (with wi-fi access). Practitioners must take heed, however. At the end of each Business Court case lurks a menacing tiger: North Carolina appellate practice and procedure!
Over the past two years, at least seven different appellate traps have emerged for North Carolina Business Court cases, many of which have resulted in dismissal of appeals. Those traps have been discussed extensively on our North Carolina Appellate Practice Blog (www.ncapb.com). This article summarizes several potential snares, with links to the detailed blog posts for those who seek more information about taming the beast.
https://www.ncbarblog.com/wp-content/uploads/2016/08/Its-a-jungle-out-there.jpg10002817NCBARBLOGhttps://ncbarblogprod.wpengine.com/wp-content/uploads/2018/06/Blog-Header-1-1030x530.pngNCBARBLOG2016-08-09 14:38:002016-08-09 14:38:00Planning To Pursue An Appeal From A Business Court Decision? It’s A Jungle Out There!
Attorneys, Paralegals Beware: Wire Instruction Fraud Plagues N.C. Lawyers
Featured PostsOver the last few weeks, Lawyers Mutual has received multiple reports of North Carolina attorneys who were targeted by scammers attempting to divert seller closing proceeds following real estate transactions. Unfortunately, several of these attacks were successful and hundreds of thousands of dollars were stolen and are very unlikely to be recovered.
I’ve asked our claims attorney, Troy Crawford, to talk with me about what went wrong and how to prevent it.
Troy: While the details of the recent scams are emerging, it appears hackers first became aware of the closing by compromising email accounts of differing parties. Sometimes the attorney account was compromised, sometimes the seller’s account was compromised but the most common scenario was the realtor’s account was being monitored by international criminal organizations.
Read more
Young Lawyers Are Doing Good, But Not Always Doing Well
Featured PostsThe Young Lawyers Division recently held its 62nd Annual Meeting in connection with the NCBA Annual Meeting in Charlotte. As the ceremonial gavel was passed across the room from our former YLD chairs, including past NCBA presidents, our current president, and our president-elect, I thought about how the YLD has truly been a training ground for leaders of our profession and our state.
I then looked around the room at the remarkable young lawyers present. What an honor it is to serve alongside such an incredible group of people. The young lawyers who make up the YLD’s leadership team truly represent the best of our profession. They are smart, hardworking, selfless people who give their precious time and abundant talents, and together they are leading our more than 6,400 YLD members to achieve some remarkable things.
Read more
Planning To Pursue An Appeal From A Business Court Decision? It’s A Jungle Out There!
Featured PostsEditor’s note: This is an updated version of the article that first appeared in the June 2016 edition of “The Litigator,” the NCBA Litigation Section newsletter. The article was updated Aug. 3, 2016.
By Beth Scherer and Matt Leerberg
When first established in 1995, the Business Court was touted as a way to make North Carolina’s “court system as responsive and predictable as the Delaware Chancery Court in dealing with complex corporate issues.” The Business Court has largely delivered on its promise of ease of use and predictability based, in part, on assignment of cases to a single (and highly qualified) Business Court judge and an e-filing system that practitioners could utilize from any jungle paradise (with wi-fi access). Practitioners must take heed, however. At the end of each Business Court case lurks a menacing tiger: North Carolina appellate practice and procedure!
Over the past two years, at least seven different appellate traps have emerged for North Carolina Business Court cases, many of which have resulted in dismissal of appeals. Those traps have been discussed extensively on our North Carolina Appellate Practice Blog (www.ncapb.com). This article summarizes several potential snares, with links to the detailed blog posts for those who seek more information about taming the beast.
Read more