Judge Dismisses Ex-Citigroup FA’s Gender Bias Suit
A federal judge in Manhattan has dismissed a lawsuit brought by a fired Citigroup financial advisor alleging a “boys’ club” culture at the firm, according to Reuters.
Erin Daly’s suit alleging harassment and gender discrimination at Citigroup didn’t belong in federal court because she had signed an agreement to arbitrate such claims, U.S. District Judge Richard Sullivan said, according to the newswire. Daly has alleged Citigroup reduced her responsibilities and contact with clients because she’s a woman and was trying to make her into a “glorified secretary” because the culture at the firm meant “the men were doing business,” Reuters writes.
Sullivan added that Daly took too long to accuse the company of retaliation in firing her following her report on alleged violations of insider trading rules by her boss, according to the newswire. Daly brought her whistleblower claim two years after getting fired in December 2014, while the deadline for such claims is 180 days, Reuters writes.
A lawyer for Daly didn’t have an immediate comment while a Citigroup spokeswoman declined comment to the newswire.
Daly’s suit sought punitive damages in addition to double back pay and unpaid bonuses, Reuters writes. She had been with Citigroup from 2007 to 2014 and claimed in her suit, filed in 2016, that Citigroup handed over stock allocations purportedly designated for her to a male colleague in large deals such as the $25 billion initial public offering of Alibaba Group Holdings.