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Citi sues Wachovia, Wells; seeks $60B

bizjournals.com » 2008 » October » 8th » Citi sues Wachovia, Wells; seeks $60B

Citigroup has filed suit against Wachovia Corp. and Wells Fargo & Co. in New York State Supreme Court. Citi is seeking more than $60 billion in compensatory and punitive damages from Wells for interfering with its $2.16 billion agreement to purchase the banking operations of Wachovia, and it wants to continue with its proposed purchase of those assets. (C) (WFC) (WB) … Continue Reading »

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