A group of banks and other companies last week sued a former Philip Morris Cos. worker who pleaded guilty to bank fraud charges in 1996 and his alleged accomplices for $100 million.

First Union Corp., CoreStates Financial Corp., NationsBank NA, Bank of Montreal, and other companies alleged in a suit filed in U.S. District Court in New York that Edward Reiners and others cheated them out of more than $320 million. The banks are suing for $100 million that they say has yet to be recovered.

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