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Citigroup Is Sued By Former Banamex Staffer But Says Must Arbitrate Now Wants 20K a Day

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, April 1 – Citigroup was sued in Mexico by a former Bananex employee Luis Sebastian Sayeg Seade. Citigroup responds, as it does when sued nearly anywhere in the world, that arbitration is mandatory.     

          On December 17, U.S. District Court for the Southern District of New York  Judge John P. Cronan held a proceeding. Inner City Press covered it.  

Citibank wanted a TRO to force Seyag to drop litigation in Mexico and arbitrate in AAA Case No 01-21-0017-7441.

Judge Cronan listened than agreed to issue the TRO. Sayeg was directed to show cause by December 22 why a preliminary injunction should not issue.

On December 22 Judge Cronan held another call, and Inner City Press again called in. Sageg did not - at least, he did not identifying himself. There was ex parte talk about a security guard in Mexico having refused service. Judge Cronan agreed to issue the Preliminary Injunction.

On January 20 Judge Cronan ruled that pending the completion of arbitration now underway, Seade (or Sayeg) is enjoined for commencing or prosecuting any other actions or proceeding about Citigroup's Capital Accumulation Program and Deferred Cash Award Plan, and to dismiss a case in Mexico.

Jump cut to April 1, when Citigroup through counsel wrote to the assigned Magistrate Judge Robert W. Lehrburger seeking additional contempt sanctions - increasing $5000 a day every thirty days to "hopefully induce Mr. Sayeg to comply with the Court's Order."

The case is Citigroup Inc. v. Seade, 21-cv-10413 (Crona 


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