Citi asks court to kick-out stealing secretary lawsuit

Gavel

Citigroup has asked a court to throw out William Salomon’s lawsuit accusing the bank of supplying the former Wall Street banker and son of the founder of Salomon Brothers with a personal secretary who was later convicted of stealing from him.

Bloomberg News reports that Salomon sued Citigroup in May after Karen Febles was convicted in federal court in Newark, New Jersey, of stealing $1.3m from him to pay for cars, real estate, cruises and jewelry.

Febles stole $3m through her 'systematic theft', according to the lawsuit filed May 9 in state court in Manhattan.

Citigroup in its request that the case be dismissed said the complaint is based on an 'implied' provision in its agreement with Salomon that the company was obligated 'to provide a secretary who would not steal his personal funds'.

'Salomon claims that Citi has a contractual obligation to hold him harmless from the dishonest acts committed by a secretary whom Citi hired but whom Salomon himself decided to entrust to manage his personal financial affairs', Citigroup said in the filing.

Hit the link below to access the complete Bloomberg article:

Citigroup Asks Court to Throw Out Suit by William Salomon

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