District Court, S.D. New York January 25, 2007, No. 03 Civ. 3748(DAB)(GWG) (Allied Irish Banks v. Bank of America)

OPINION AND ORDER

GORENSTEIN, United States Magistrate Judge.

Allied Irish Banks, p.l.c. (“AIB”) has sued Citibank, N.A. and Bank of America, N.A. for claims arising out of a rogue trading scheme perpetrated by one of AIB’s traders. The scheme is alleged to have resulted in $691 million in losses to AIB.