The Citi Suit
Citigroup's lawsuit against Wachovia and Wells Fargo is now public: Citi is asking for a whopping $60 billion (including $20 billion in compensatory damages and $40 billion in punitive damages) for breach of contract and tortious interference. Of course, the suit may be moot if the Fed brokers a deal between the three banks, as it has been suggesting. But if you're bored today and you're not interested in looking through Sarah Palin's tax returns (or you're interested to see what you get when you hire 80 lawyers to work round the clock for an entire weekend), the lawsuit is after the jump.