Sunflower Bank files counterclaim against suit from Urban-gro

This article was updated with comments from an Urban-gro executive.

LAFAYETTE — Sunflower Bank has filed an answer and counterclaim to a lawsuit from Urban-gro Inc. (Nasdaq: UGRO), alleging that it was Urban-gro’s own security failings, not the bank’s negligence, that led to the indoor agricultural engineering firm falling victim to a $5.1 million wire transfer fraud scheme.

In a document filed Thursday in Boulder County District Court, the Denver-based bank accuses Urban-gro of breaching a contract by failing to notify the bank of the alleged fraud in a timely manner and neglecting to properly secure its Sunflower account. 

It also names as…