Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Citigroup Asks Judge to Review $430 Million Madoff Clawback Suit

Nov. 2 (Bloomberg) -- Citigroup Inc., sued by the liquidator of Bernard Madoff’s firm for $430 million received from so-called feeder funds to the confidence man, asked a U.S. district judge to review the suit, saying the transfers were protected by law because they were made to settle securities transactions, according to a court filing.

Citing a ruling on the Madoff trustee’s suit against the New York Mets’ owners, Citigroup said that in addition, a district judge must decide whether the bank took the money in good faith or was wilfully blind to the fraud.

Link to Company News:{8776Z US <Equity> CN <GO>} Link to Company News:{C US <Equity> CN <GO>}

To contact the reporter on this story: Linda Sandler in New York at

To contact the editor responsible for this story: Andrew Dunn at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.