Citigroup Inc. yesterday said it had sued Wachovia Corp., Wells Fargo & Co., and both companies' directors, seeking more than $60 billion as Citigroup continues to fight against the proposed acquisition by Wells Fargo that trumped an agreement it had to purchase Wachovia's banking operations earlier in the week.

The parties later announced they had agreed to a litigation standstill until Wednesday at noon in consultation with the Federal Reserve.

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