Ramchandani v. CitiBank National Association et al
Case Number:
1:19-cv-09124
Court:
Nature of Suit:
Judge:
Firms
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June 15, 2022
Cleary Notes Off-Limits In Ex-Citi Trader's Forex Probe Suit
A former Citigroup Inc. trader can't access Cleary Gottlieb Steen & Hamilton LLP's reports of U.S. Department of Justice meetings in his lawsuit alleging the bank framed him to save itself during a foreign exchange-rigging probe, a Manhattan federal judge said Wednesday.
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October 07, 2021
Citi Must Turn Over DOJ Docs In Ex-Forex Trader's Suit
A New York federal judge on Thursday ordered Citigroup Inc. to turn over a trove of documents, which it supplied to the U.S. Department of Justice in connection with a global crackdown on foreign currency exchange-rigging, to a former forex trader who claims the bank framed him to limit the fallout for itself.
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September 22, 2021
Citi Wants Grand Jury Docs In Ex-Trader's Forex Probe Suit
Citigroup Inc. asked a New York federal judge Tuesday for access to records from the grand jury that indicted a former London-based trader on foreign exchange-rigging charges, saying the documents undermine the acquitted trader's $112 million malicious prosecution suit.
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March 11, 2021
Citigroup Can't Duck Trader's Malicious Prosecution Claims
Citigroup Inc. must face a $112 million malicious prosecution suit brought by a former London-based trader who's been acquitted on foreign exchange-rigging charges, a New York federal court ruled Thursday, finding that the trader has adequately alleged the bank knowingly fed the Justice Department false information about him.
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December 03, 2019
Acquitted Ex-Trader's $112M Suit Has No Legs, Citi Says
A $112 million suit against Citigroup Inc. brought by a former London-based trader over his acquittal on foreign exchange-rigging charges warrants dismissal because it fails to allege the bank fabricated and orchestrated a vindictive prosecution, the financial giant has told a New York federal court.
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November 18, 2019
Citi Says Ex-Trader Can't Show It Steered DOJ Probe
A former trader acquitted of criminal charges for allegedly manipulating foreign exchange markets should voluntarily walk away from suing Citigroup Inc. for $112 million, having failed to show the bank lied to prosecutors to limit its own legal exposure, the financial giant said in New York federal court.
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October 10, 2019
Did Citi Dupe DOJ In Forex Investigation?
A former Citigroup trader acquitted on charges of manipulating foreign exchange markets has accused the bank of fabricating a case for federal prosecutors in order to shield itself from liability, raising eyebrows in the antitrust bar since the government usually goes to great lengths to ensure it's not being duped.
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October 02, 2019
Citi Lied To DOJ In Forex Probe, Acquitted Trader Says
A former trader acquitted of criminal charges for the alleged manipulation of foreign exchange markets sued Citigroup Inc. for $112 million on Wednesday, accusing the bank of lying to the U.S. Department of Justice to save itself during an antitrust investigation.