Madoff Trustee Wants $1B From Citigroup, Other Banks

Law360, New York (December 9, 2010, 2:13 PM EST) -- The trustee working to round up assets for victims of Bernard Madoff has shot off another round of adversary suits in his ongoing litigation spree, this time targeting seven global banks for more than $1 billion in recoveries for their alleged connections to Madoff's massive fraud.

Irving H. Picard lodged complaints under seal against Citigroup Global Markets Ltd., Natixis, Fortis Prime Fund Solutions Bank (Ireland) Ltd., ABN AMRO Bank NV, Banco Bilbao Vizcaya Argentaria SA, Merrill Lynch International & Co. CV and Nomura Bank International PLC...
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