Bank Austria vows vigorous defense in Madoff suit
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1 of 2. The logo of Austrian Bank Austria-Unicredit is seen on one of its offices in Vienna July 23, 2010.
Credit: Reuters/Leonhard Foeger
VIENNA |
VIENNA (Reuters) - UniCredit unit Bank Austria plans to contest "vigorously" a U.S. lawsuit linking it to Bernard Madoff's multibillion dollar financial fraud, the Austrian bank said on Saturday.
"It is our policy not to comment on pending legal matters. Our attorneys are reviewing the matter and we will manage this through the normal course legal process. We intend to defend ourselves vigorously," spokesman Martin Halama said.
A court-appointed trustee trying to recover money for Madoff's victims named UniCredit, Bank Austria and Austrian banker Sonja Kohn among dozens of defendants in the latest lawsuit over the biggest fraud in financial history.
The complaint in U.S. Bankruptcy Court in New York said the litigation seeks to recover $19.6 billion in damages.
Lawyers representing Kohn and her bank -- Bank Medici, now known as 2020 Medici -- were not available to comment.
(Reporting by Michael Shields)
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I have a sick feeling that Kohn is Madoff.
To repeat, KOHN IS MADOFF. That is why I’m wondering when Kohn was last seen? Before Madoff’s arrest? When was that Dustin Hoffmanesque photo of Kohn taken? My God, Hollywood could turn this into a spy-type thriller where you’re laughing and crying all at once (the crying part because of all the ruined lives, the laughing part because it’s so rediculous that it invokes an involuntary laughter spasm in many).
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