{"id":1387,"date":"2014-01-30T23:09:28","date_gmt":"2014-01-30T23:09:28","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/01\/11m_award_against_citi_is_vaca"},"modified":"2020-08-31T10:39:28","modified_gmt":"2020-08-31T15:39:28","slug":"11m-award-against-citi-is-vaca","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/11m-award-against-citi-is-vaca\/","title":{"rendered":"$11M Award Against CitiGroup is Vacated by the New York Supreme Court"},"content":{"rendered":"<p>The New York Supreme Court has vacated the $11M FINRA arbitration award against <a href=\"https:\/\/www.investorlawyers.com\/citigroup-background-information.html\">Citigroup Global Markets Inc. (C) <\/a>and one of its employees. The securities case is <em>Citigroup Global Markets Inc. v. Fiorilla<\/em>.<\/p>\n<p>Judge Charles Ramos vacated the award after determining that the parties had agreed to settle the arbitration case for $800,000 before arbitration. He said that it did not benefit the public interest to honor arbitrations of disputes that were settled before they were arbitrated.<\/p>\n<p>The securities case involves a complaint filed by former legal adviser to the Holy See John Fiorilla. He contended that he turned over approximately $16 million of Royal Bank of Scotland PLC (RBS) stock-an inheritance from his dad-to Smith Barney adviser Robert Loftus. The latter is not a party in this arbitration claim.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/11m-award-against-citi-is-vaca\/\"  title=\"Continue Reading $11M Award Against CitiGroup is Vacated by the New York Supreme Court\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The New York Supreme Court has vacated the $11M FINRA arbitration award against Citigroup Global Markets Inc. (C) and one of its employees. The securities case is Citigroup Global Markets Inc. v. Fiorilla. Judge Charles Ramos vacated the award after determining that the parties had agreed to settle the arbitration case for $800,000 before arbitration. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3820,3752],"tags":[],"class_list":["post-1387","post","type-post","status-publish","format-standard","hentry","category-citigroup","category-financial-firms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$11M Award Against CitiGroup is Vacated by NYC Supreme Court | SSEK Law<\/title>\n<meta name=\"description\" content=\"The New York Supreme Court has vacated the $11M FINRA arbitration award against Citigroup Global Markets Inc. (C) and one of its employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/11m-award-against-citi-is-vaca\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"$11M Award Against CitiGroup is Vacated by NYC Supreme Court | SSEK Law\" \/>\n<meta name=\"twitter:description\" content=\"The New York Supreme Court has vacated the $11M FINRA arbitration award against Citigroup Global Markets Inc. (C) and one of its employees.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$11M Award Against CitiGroup is Vacated by NYC Supreme Court | SSEK Law","description":"The New York Supreme Court has vacated the $11M FINRA arbitration award against Citigroup Global Markets Inc. 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