Judge denies Citibank rehearing in AIB suit over rogue trader
US District Judge Deborah A Batts has refused to reconsider her June 30th decision allowing Allied Irish Banks (AIB) to take Citibank to court for allegedly helping an AIB employee to hide rogue forex trading that lost $691m. The judge has already dismissed some of the claims made against Citibank, but the remainder of the claims will now go ahead.
By Jeff Zalesin (August 25, 2015, 3:08 PM EDT) -- A New York federal judge refused Monday to reconsider her decision letting Allied Irish Banks PLC take Citibank NA to trial for allegedly helping an AIB unit employee hide rogue forex trading that lost $691 million, finding Citibank's attempt to pin the scheme on AIB was fairly rejected....

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