We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Citigroup, Ex-Employees Battle Over CAP Plans

Law360 (July 31, 2007, 12:00 AM EDT) -- Citigroup Inc. and its former employees went head-to-head on Monday in front of a district court judge over the company's controversial Capital Accumulation Plan, as each side battled to show why its motion for summary judgment should be granted over the others.'

Citigroup's former employees are currently suing the company over its CAP plan, alleging that the company had deprived them of their investments in various versions of the plan by scheming to forfeit its employees' contributions.

The Capital Accumulation Plan allows certain Citigroup employees to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.