Thread regarding Citigroup Inc. / Citibank / Citi layoffs

$1B Lawsuit Claiming Aiding Mexican Oil Company😳🤪

Wow! (article links below)

https://www.reuters.com/sustainability/citigroup-must-face-1-billion-lawsuit-claiming-it-aided-mexican-oil-company-2025-05-08/

https://www.msn.com/en-gb/money/other/citigroup-must-face-1-billion-lawsuit-claiming-it-aided-mexican-oil-company-fraud/ar-AA1Eq0vF

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Post ID: @OP+1jts6tpym

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It's been reopened. @ea+1jts6tpym May 8 (Reuters) - "Citigroup (C.N), must face a revived lawsuit claiming it caused more than $1 billion of losses by orchestrating and concealing a vast fraud at the now-bankrupt Mexican oil and gas services company Oceanografia, a U.S. appeals court ruled on Thursday.
A three-judge panel of the 11th U.S. Circuit Court of Appeals in Miami said 30 Oceanografia vendors, creditors and bondholders adequately alleged that Citigroup substantially aided the fraud, and a lower court judge erred in dismissing the nine-year-old case."
https://www.reuters.com/sustainability/citigroup-must-face-1-billion-lawsuit-claiming-it-aided-mexican-oil-company-2025-05-08/

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Post ID: @er+1jts6tpym

Wasn’t this like 10 years ago? I remember this

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Post ID: @ea+1jts6tpym

Ouch

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Post ID: @a7+1jts6tpym

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