Pursuits
Madoff, Lehman, Vitro, Blockbuster: Bankruptcy
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The trustee liquidating Bernard L. Madoff Investment Securities Inc. filed lawsuits seeking $1.421 billion against affiliates of seven financial institutions, including Citigroup Inc. and Natixis, a Paris-based commercial bank.
The complaints, which are all under seal, contend that the banks received transfers from Madoff feeder funds when they “knew or should have known” it was a fraud, the trustee’s statement said.