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Citigroup Sues Wachovia, Wells Fargo For $60B

By Morgan Bettex (October 6, 2008, 12:00 AM EDT) -- Following a weekend of legal wrangling over an exclusivity agreement about the rights to purchase Wachovia Corp., Citigroup Inc. has slammed Wachovia and Wells Fargo & Co. with a $60 billion lawsuit alleging that Wells Fargo interfered in its bid to buy Wachovia and that Wachovia reneged on its agreement with Citigroup not to negotiate with other parties....

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