Banks In $59B Madoff Suit Push To Kill Racketeering Claims

Law360, New York (October 5, 2011, 9:02 PM EDT) -- UniCredit SpA and an affiliate on Wednesday pressed a New York federal judge to throw out racketeering claims in the $59 billion suit filed by Bernard L. Madoff's bankruptcy trustee, saying they didn't participate in the fraud.

Lawyers for UniCredit SpA and affiliate UniCredit Bank Austria AG contend that claims Irving Picard brought against them under the Racketeer Influenced and Corrupt Organizations Act for allegedly helping Austrian banker Sonja Kohn funnel investors' money into Madoff's Ponzi scheme are far-fetched and should be thrown out. 

Kohn, a...
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Case Information

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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