Citigroup Denies Fault For Ex-Salomon Head's Secretary Theft

Law360, New York (November 6, 2013, 3:03 PM EST) -- Salomon Brothers' nonagenarian former managing partner can't blame Citigroup Inc. over his secretary's stealing his money, because the bank never agreed to cover such a loss and the secretary was acting on her own, Citigroup's attorney told a New York state judge Wednesday.

A wheelchair-bound William R. Salomon, the 99-year-old son of one of the founders of the eponymous Salomon Brothers investment bank that later became part of Citigroup, was in Manhattan state court Wednesday with his attorneys to try and force Citigroup, which arranged for...
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