| Citigroup Is
Sued By Former Banamex Staffer But Says
Must Arbitrate Now Wants 20K a Day
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
April 1 – 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.
Jump cut to April
1, when Citigroup through
counsel wrote to the assigned
Magistrate Judge Robert W.
Lehrburger seeking additional
contempt sanctions -
increasing $5000 a day every
thirty days to "hopefully
induce Mr. Sayeg to comply
with the Court's Order."
The case is
Citigroup Inc. v. Seade,
21-cv-10413 (Crona
***
Your support means a lot. As little as $5 a
month helps keep us going and grants you
access to exclusive bonus material on our
Patreon page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2021 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
