The eyewear company that owns Ray-Ban and LensCrafters has sued JPMorgan Chase & Co., accusing it of failing to notice that thieves had transferred more than $272 million out of one of its bank accounts in 2019.
A unit of EssilorLuxottica SA, the world’s largest eyewear company, accused the bank of failing to spot a “highly suspicious pattern of fraudulent transactions,” allowing thieves to blow through a daily withdrawal limit of $10 million at least nine times over several months.
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