| Citigroup Is
Sued By Former Banamex Staffer But Says He
Can Only Arbitrate Now Gets More
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Jan 20 – Citigroup was sued in
Mexico by a former Bananex
employee Luis Sebastian Sayeg
Seade. Citigroup responds, as
it does when sued nearly
anywhere in the world, that
arbitration is
mandatory.
On December 17, U.S. District
Court for the Southern
District of New York
Judge John P. Cronan held a
proceeding. Inner City Press
covered it.
Citibank wanted a
TRO to force Seyag to drop
litigation in Mexico and
arbitrate in AAA Case No
01-21-0017-7441.
Judge Cronan
listened than agreed to issue
the TRO. Sayeg was directed to
show cause by December 22 why
a preliminary injunction
should not issue.
On December 22
Judge Cronan held another
call, and Inner City Press
again called in. Sageg did not
- at least, he did not
identifying himself. There was
ex parte talk about a security
guard in Mexico having refused
service. Judge Cronan agreed
to issue the Preliminary
Injunction.
On January 20
Judge Cronan ruled that
pending the completion of
arbitration now underway,
Seade (or Sayeg) is enjoined
for commencing or prosecuting
any other actions or
proceeding about Citigroup's
Capital Accumulation Program
and Deferred Cash Award Plan,
and to dismiss a case in
Mexico.
The case is
Citigroup Inc. v. Seade,
21-cv-10413 (Crona
***
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