[oldgradstudent]

It was later reversed on appeal.

It's important to note that they didn't just send it to some random company, but rather to creditors.

> Under New York law, someone who sends out an erroneous wire transfer—for example, sending a payment to the wrong account—is entitled to get the money back.

> But the law makes an exception when a debtor accidentally wires money to a creditor. In that case, if the creditor doesn't have prior knowledge the payment was a mistake, it's free to treat it as a repayment of the loan.