JPMorgan Chase allowed hundreds of thousands of dollars to be transferred out of scammers’ accounts after being warned of fraudulent activity?

Is it true that Massachusetts-based Baystate Health filed a new lawsuit saying that they fell for an email scam in November 2022 and wired $700,000 to a fraudulent JPMorgan Chase account?

Baystate says it notified Bank of America of the fraud, and Bank of America contacted Chase to warn about the accounts in question?

Did Chase really allow the scammers to withdraw at least $205,542 after Bank of America warned them?

Is it reasonable for the defendants to allow the criminals to withdraw funds from the fraudulent accounts when they were informed that Baystate’s funds were fraudulently wired to accounts controlled by hackers/criminals?

Did the defendants really not deny that funds were being withdrawn from the fraudulent accounts after being informed by the BOA that the accounts were controlled by hackers/criminals?

Did the defendants not have an obligation to delay and/or prevent any withdrawals from the fraudulent accounts?

After the incident, the authorities recovered some of the lost funds, but Baystate claimed that about $420,000 of the funds were still missing, and Chase did not provide a clear explanation. What should be done?

Baystate asked JPMorgan Chase to compensate it with $420,000 plus interest. Will JPMorgan Chase agree?