Alberto sues family in fight over Safra stake

Family feud: A man walks in front of the Banco Safra SA headquarters in Sao Paulo. Defendants in the case claim the father, Joseph, “disowned” Alberto and changed his wills to reduce his share in the family business. — Reuters

NEW YORK: 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 on Monday in New York state court.