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Citi Gets Only Part of Ex-Employee’s Suit Sent to Arbitration (1)

Aug. 6, 2019, 2:46 PM; Updated: Aug. 6, 2019, 8:22 PM

A former Citigroup Technology Inc. employee can pursue his whistleblower claims against the company in court, thanks to the major 2010 financial industry reform law that carves out a rare exception to arbitration agreements, an appeals court said.

A three-judge panel from the U.S. Court of Appeals for the Third Circuit said Aug. 6 that Abdul A. Jaludi, who was laid off in 2013 after he raised concerns with management about the company’s internal complaint system, must arbitrate a racketeering claim related to his termination but may pursue a whistleblower retaliation claim under the Sarbanes-Oxley Act in court. The Racketeer...

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