Safra Son Alberto Sues Family in Fight Over Stake in Bank (3)

A son of one of the world’s richest bankers, the late Joseph Safra, sued his mother and two brothers in a bid to regain what he claims is his rightful share in New York’s Safra National Bank.

Alberto Safra claims his family members, along with directors of a bank holding company, wrongfully diluted his 28% share and blocked him from seating his own director, according to a suit filed Monday in New York state court. The case is the latest escalation in a legal battle among family members over what Alberto Safra claims is an international business empire ...