Muammar Gaddafi

As part of what its lawyers claim "could become the largest international asset recovery effort of all time", Libya has applied to take discovery from eight major banks in its hunt for an estimated $100 billion allegedly misappropriated by former leader Muammar Gaddafi. The effort is being led by lawyers Oren Warshavsky, of BakerHostetler, and Warren Gluck, of Holland & Knight.

Application by the Libyan Asset Recovery and Management Office to take discovery from Bank of America N.A., Citigroup Inc. d.b.a. Citibank; JPMorgan Chase Bank N.A., UBS Group A.G., HSBC Bank, Credit Suisse Bank N.A., Bank of New York Mellon Corporation, and Deutsche Bank Trust Company Americas for use in foreign legal proceedings regarding "tens of billions of dollars stolen by Muammar Muhammed Abu Minyar al-Gaddafi over the course of his 32-year dictatorship", filed at the U. S. District Court for the Southern District of New York.