Reported over 1 year ago
Citigroup is urging for the dismissal of a lawsuit filed by a former managing director who claimed she was fired in retaliation for refusing to lie to regulators about the bank's risk management practices. The third-largest U.S. bank, Citigroup, stated that they terminated Kathleen Martin due to her lack of leadership and engagement skills for her role as interim data transformation chair. Martin alleges that Citigroup wanted her to falsify information from regulators, but Citigroup argues that her whistleblowing was not protected under Sarbanes-Oxley law. The case is ongoing in Manhattan federal court.
Source: YAHOO