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Citigroup 'boys' club' disfavors women, lawsuit claims

Reuters  |  NEW YORK 

By Jonathan Stempel

NEW YORK (Reuters) - A former Inc financial adviser on Monday filed a accusing the of running a "boys' club" that favoured men over women, treating her as a "glorified secretary," and firing her in retaliation for whistleblowing activity.

Erin Daly is seeking double back pay, unpaid bonuses and punitive damages over the bank's alleged harassment, hostile work environment and unlawful retaliation, according to her filed in Manhattan federal court.

The resident of Manhattan's Upper West side said let her go less than two weeks after she complained that her manager demanded inside information from her work on restricted stock offerings, so that he could pass it to favoured clients.

Daly said she also filed a complaint with the U.S. Equal Employment Opportunity Commission, and plans to add federal discrimination claims against the fourth-largest U.S. bank.

"We believe the claims alleged are without merit and intend to vigorously defend against them," spokeswoman Danielle Romero-Apsilos said.

The is one of many over the years accusing U.S. banks of favouring male bankers, traders and financial advisers over their female counterparts, and permitting improper conduct.

of America Corp in September settled one such case, in which former co-head of global structured products Megan Messina accused it of running a "bro's club."

Daly said she graduated from the University of Rhode Island in 2005, and according to brokerage industry records worked for from 2007 to 2014.

She claimed that even though she performed well, took away many of her responsibilities, and even once forced her to apologise in writing for requesting equal treatment.

Daly also said sometimes routed stock allocations from "hot deals," such as Alibaba Group Holding Ltd's $25 billion initial public offering in 2014, to a male colleague, advancing his career at her expense.

"Citi's 'boys' club' policies and practices" reflect a "culture of gender discrimination," the complaint said. "The boys were in charge. The men were doing business. Erin was just a glorified secretary."

A lawyer for Daly declined additional comment.

The case is Daly v. Inc et al, U.S. District Court, Southern District of New York, No. 16-09183.

(Reporting by Jonathan Stempel in New York; editing by Diane Craft)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Citigroup 'boys' club' disfavors women, lawsuit claims

NEW YORK (Reuters) - A former Citigroup Inc financial adviser on Monday filed a lawsuit accusing the bank of running a "boys' club" that favoured men over women, treating her as a "glorified secretary," and firing her in retaliation for whistleblowing activity.

By Jonathan Stempel

NEW YORK (Reuters) - A former Inc financial adviser on Monday filed a accusing the of running a "boys' club" that favoured men over women, treating her as a "glorified secretary," and firing her in retaliation for whistleblowing activity.

Erin Daly is seeking double back pay, unpaid bonuses and punitive damages over the bank's alleged harassment, hostile work environment and unlawful retaliation, according to her filed in Manhattan federal court.

The resident of Manhattan's Upper West side said let her go less than two weeks after she complained that her manager demanded inside information from her work on restricted stock offerings, so that he could pass it to favoured clients.

Daly said she also filed a complaint with the U.S. Equal Employment Opportunity Commission, and plans to add federal discrimination claims against the fourth-largest U.S. bank.

"We believe the claims alleged are without merit and intend to vigorously defend against them," spokeswoman Danielle Romero-Apsilos said.

The is one of many over the years accusing U.S. banks of favouring male bankers, traders and financial advisers over their female counterparts, and permitting improper conduct.

of America Corp in September settled one such case, in which former co-head of global structured products Megan Messina accused it of running a "bro's club."

Daly said she graduated from the University of Rhode Island in 2005, and according to brokerage industry records worked for from 2007 to 2014.

She claimed that even though she performed well, took away many of her responsibilities, and even once forced her to apologise in writing for requesting equal treatment.

Daly also said sometimes routed stock allocations from "hot deals," such as Alibaba Group Holding Ltd's $25 billion initial public offering in 2014, to a male colleague, advancing his career at her expense.

"Citi's 'boys' club' policies and practices" reflect a "culture of gender discrimination," the complaint said. "The boys were in charge. The men were doing business. Erin was just a glorified secretary."

A lawyer for Daly declined additional comment.

The case is Daly v. Inc et al, U.S. District Court, Southern District of New York, No. 16-09183.

(Reporting by Jonathan Stempel in New York; editing by Diane Craft)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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Citigroup 'boys' club' disfavors women, lawsuit claims

By Jonathan Stempel

NEW YORK (Reuters) - A former Inc financial adviser on Monday filed a accusing the of running a "boys' club" that favoured men over women, treating her as a "glorified secretary," and firing her in retaliation for whistleblowing activity.

Erin Daly is seeking double back pay, unpaid bonuses and punitive damages over the bank's alleged harassment, hostile work environment and unlawful retaliation, according to her filed in Manhattan federal court.

The resident of Manhattan's Upper West side said let her go less than two weeks after she complained that her manager demanded inside information from her work on restricted stock offerings, so that he could pass it to favoured clients.

Daly said she also filed a complaint with the U.S. Equal Employment Opportunity Commission, and plans to add federal discrimination claims against the fourth-largest U.S. bank.

"We believe the claims alleged are without merit and intend to vigorously defend against them," spokeswoman Danielle Romero-Apsilos said.

The is one of many over the years accusing U.S. banks of favouring male bankers, traders and financial advisers over their female counterparts, and permitting improper conduct.

of America Corp in September settled one such case, in which former co-head of global structured products Megan Messina accused it of running a "bro's club."

Daly said she graduated from the University of Rhode Island in 2005, and according to brokerage industry records worked for from 2007 to 2014.

She claimed that even though she performed well, took away many of her responsibilities, and even once forced her to apologise in writing for requesting equal treatment.

Daly also said sometimes routed stock allocations from "hot deals," such as Alibaba Group Holding Ltd's $25 billion initial public offering in 2014, to a male colleague, advancing his career at her expense.

"Citi's 'boys' club' policies and practices" reflect a "culture of gender discrimination," the complaint said. "The boys were in charge. The men were doing business. Erin was just a glorified secretary."

A lawyer for Daly declined additional comment.

The case is Daly v. Inc et al, U.S. District Court, Southern District of New York, No. 16-09183.

(Reporting by Jonathan Stempel in New York; editing by Diane Craft)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22