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Judge to Vet Madoff Trustee’s $59 Billion UniCredit Suit

U.S. District Judge Jed Rakoff said he will decide if the trustee liquidating Bernard L. Madoff’s firm can use U.S. racketeering law to sue Milan-based UniCredit SpA (UCG) with other banks for $59 billion, in the biggest challenge so far to Irving Picard. Read Bloomberg report here.

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