UniCredit Fights Madoff Trustee's Racketeering Claims

Law360, New York (July 26, 2011, 4:14 PM EDT) -- Racketeering claims against UniCredit SpA — part of the Bernard L. Madoff fraud recovery trustee's $59 billion suit against financier Sonja Kohn — are barred by U.S. Supreme Court precedent in Morrison, the Milan-based bank argued Monday in New York.

UniCredit's argument — that the high court's Morrison v. National Australia Bank Ltd. ruling means claims brought under the Racketeer Influenced and Corrupt Organizations Act can only be enforced domestically — came as part of a sharply worded dismissal motion that painted the claims against the...
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Case Title

Irving H. Picard v. Sonja Kohn et al


Case Number

1:11-cv-01181

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Judge

Jed S. Rakoff

Date Filed

February 21, 2011

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