Citigroup Whistleblower Loses Renewed Bid for Piece of Penalty

A Citigroup Inc. employee failed to show that she should have received a share of a $400 million penalty the bank paid to resolve alleged risk management failure claims raised by the Office of Comptroller of the Currency and the Consumer Financial Protection Bureau, a New York district court said.

Tamika Miller, a False Claims Act whistleblower, asserted that she provided materials to the government that led to the penalty. The court on June 22 dismissed Miller’s motion for a share of the recovery. An appeal of that decision is pending at the US Court of Appeals for the ...