Madoff Investor Suit Against Citigroup Unit, PwC Resurrected

A Citigroup Inc. unit and PricewaterhouseCoopers LLP must face claims they played a part in costing investors more than $1 billion in Bernard Madoff’s massive Ponzi scheme, an appeals court ruled. Investors in the Kingate Global and Euro funds, which fed money into Madoff’s firm, sued an offshore subsidiary of the New York-based bank and the accounting company for their roles in administering and auditing the funds. Several other entities must also face claims in the suit revived Thursday by a federal appeals court in Manhattan. More on Bloomberg Business here.