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Dealer sues TP ICAP and Citigroup, alleging years of harassment by Citi dealer

admin by admin
August 5, 2024
in Financial News
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Dealer sues TP ICAP and Citigroup, alleging years of harassment by Citi dealer
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A dealer at a unit of interdealer brokerage TP ICAP Group Plc sued her employer and Citigroup Inc. alleging each companies failed to guard her from a dealer on the Wall Road financial institution who she claims harassed her for years. 

Christine O’Reilly, a New York-based worker at ICAP, alleged in a lawsuit on Monday that she was compelled to place her firm’s earnings forward of her personal wellbeing and endure relentless harassment and undesirable advances from the dealer at Citigroup, a prized consumer.

TP ICAP stated in an announcement that it’s the agency’s “coverage to not touch upon pending litigation.” A consultant for Citigroup declined to remark. Seth Redniss, a lawyer for O’Reilly, declined to remark.

O’Reilly is suing ICAP for alleged discrimination and sustaining a hostile work surroundings, in line with the grievance filed in Manhattan on Monday. She additionally claimed Citigroup didn’t correctly supervise its then-employee, who isn’t named as a defendant within the lawsuit, or take motion in opposition to him after O’Reilly complained on to a supervisor on the financial institution.    

In a single occasion, O’Reilly alleges that when she rejected advances by the dealer, Benjamin Waters, he threatened to scale back Citigroup enterprise to ICAP. The lawsuit refers to Waters as a “non-party co-conspirator.” The Citigroup consultant stated its workers talked about within the lawsuit are not with the financial institution. 

Waters declined to remark. The grievance describes him as performing as a “high-value Citi dealer” on the financial institution’s Delta One MSCI desk in London, with the facility to direct billions of {dollars} in quantity to ICAP. 

O’Reilly claims Waters known as her repeatedly exterior work hours, requested pictures of her and in a single occasion allegedly tried to enter her London resort room regardless of her refusals, in line with the lawsuit.  

As a part of her swimsuit, O’Reilly claims that her ICAP supervisor, Janie McCathie, advised her to “play the sport” and put up with the Citigroup dealer’s conduct as a result of he was a giant enterprise generator. O’Reilly stated she was anticipated to tolerate and flirt with the dealer, even after rebuffing his advances and reporting them. 

McCathie, who is called as a defendant within the lawsuit, declined to remark. 

O’Reilly, who in line with the lawsuit joined ICAP as an intern in 2013, is looking for compensation for lack of earnings, emotional misery, attorneys charges and different damages. 

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Tags: allegingBrokerCitiCitigroupharassmentICAPsuesTraderyears
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