Acquitted Ex-Trader's $112M Suit Has No Legs, Citi Says

Law360 (December 3, 2019, 7:05 PM EST) -- A $112 million suit against Citigroup Inc. brought by a former London-based trader over his acquittal on foreign exchange-rigging charges warrants dismissal because it fails to allege the bank fabricated and orchestrated a vindictive prosecution, the financial giant has told a New York federal court.

Citigroup has urged a New York federal court to set a briefing schedule for a motion to throw out the case brought by a former London-based trader. (AP) Citi urged the court in a letter on Monday to set a briefing schedule for a motion to throw out the case. It argued that the complaint lodged...

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