NYC, Citibank Hit With $3M Suit Over Bike-Share Station

Law360, New York (May 6, 2013, 3:22 PM EDT) -- New York City was hit Friday with the first lawsuit filed against its long-awaited Citi Bike rental program, which it began rolling out in connection with Citibank NA over the last several weeks, when residents of a West Village cooperative claimed the bike rental station in front of their building violated safety laws.

Owners of 99 Bank St., through a corporation known as Left Bank Apartment Corp., launched a suit against Citibank NA, Alta Bicycle Share Inc. and NYC Bike Share LLC in state court, claiming...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.