Ex-Citi Trader’s ‘Scapegoat’ Suit Against Bank Thrown Out (1)

Citigroup Inc. won dismissal of a $112 million suit by a trader who claimed the bank falsely implicated him in a US criminal probe of price-fixing in the foreign exchange market.

Rohan Ramchandani was one of three FX traders in an online chat group called “The Cartel,” who were found not guilty of rigging the market in 2018. Ramchandani subsequently sued his former employer, accusing Citi of lying to regulators and leaking false information about him to scapegoat him during the government investigation.

US District Judge Victor Marrero in New York on Thursday threw out the suit. The ruling was ...