Saturday, December 18, 2021

Citigroup Is Sued By Former Banamex Staffer But Says He Can Only Arbitrate and Gets TRO

 

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Dec 18 – 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 is directed to show cause by December 22 why a preliminary injunction should not issue.

The case is Citigroup Inc. v. Seade, 21-cv-10413 (Crona 

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