Safra Son Alberto Sues Family in Fight Over Stake in Bank
- Scion of deceased billionaire escalates fight with family
- Family disputes claim, says son ‘attacking’ father’s memory
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A son of one of the world’s richest bankers, the late Joseph Safra, sued his mother and two brothers in a bid to regain what he claims is his rightful share in New York’s Safra National Bank.
Alberto Safra claims his family members, along with directors of a bank holding company, wrongfully diluted his 28% share and blocked him from seating his own director, according to a suit filed Monday in New York state court. The case is the latest escalation in a legal battle among family members over what Alberto Safra claims is an international business empire worth about $25 billion.