Citigroup Data Security Suit Heads To Arbitration

Law360, New York (September 12, 2012, 10:15 PM EDT) -- A New York federal judge on Wednesday ordered a pair of plaintiffs who had brought a putative class action over Citigroup Inc.'s allegedly inadequate data security measures to arbitrate their claims individually, finding the parties' arbitration agreement trumped the plaintiffs' state law allegations.

While plaintiffs Kristina and Steven Orman conceded they had entered into an arbitration agreement with Citigroup that encompassed their asserted claims, they argued that these arbitration clauses constituted a prospective waiver of their state statutory rights and should not be enforced.

But U.S....
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