• Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.51-4.18%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$105,477.000.75%
  • ethereumEthereum(ETH)$2,512.281.16%
  • VNST StablecoinVNST Stablecoin(VNST)$0.0000400.67%
  • tetherTether(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.170.01%
  • binancecoinBNB(BNB)$649.630.57%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • solanaSolana(SOL)$149.860.93%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.1838321.48%
  • tronTRON(TRX)$0.2858102.71%
  • cardanoCardano(ADA)$0.66-0.04%
  • staked-etherLido Staked Ether(STETH)$2,510.481.29%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$105,495.000.63%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • HyperliquidHyperliquid(HYPE)$34.834.34%
  • SuiSui(SUI)$3.24-0.62%
  • Wrapped stETHWrapped stETH(WSTETH)$3,027.971.29%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • chainlinkChainlink(LINK)$13.800.43%
  • avalanche-2Avalanche(AVAX)$20.412.49%
  • leo-tokenLEO Token(LEO)$9.232.35%
  • stellarStellar(XLM)$0.2641980.19%
  • bitcoin-cashBitcoin Cash(BCH)$410.513.16%
  • ToncoinToncoin(TON)$3.190.76%
  • shiba-inuShiba Inu(SHIB)$0.0000130.87%
  • USDSUSDS(USDS)$1.000.00%
  • hedera-hashgraphHedera(HBAR)$0.1679600.96%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • litecoinLitecoin(LTC)$88.280.83%
  • wethWETH(WETH)$2,510.140.94%
  • Wrapped eETHWrapped eETH(WEETH)$2,687.511.52%
  • polkadotPolkadot(DOT)$4.031.44%
  • moneroMonero(XMR)$331.773.06%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.02%
  • PengPeng(PENG)$0.60-13.59%
  • Ethena USDeEthena USDe(USDE)$1.00-0.04%
  • Bitget TokenBitget Token(BGB)$4.671.23%
  • MurasakiMurasaki(MURA)$4.32-12.46%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Citi slapped with sexual harassment lawsuit: ‘toxic alliance’

August 6, 2024
in Business
Reading Time: 4 mins read
A A
Citi slapped with sexual harassment lawsuit: ‘toxic alliance’
ShareShareShareShareShare

A female broker claimed a “toxic alliance” between her financial services firm and Citigroup enabled one of the Wall Street giant’s traders to subject her to four years of sexual harassment — with both companies allegedly ignoring her complaints, according to a lawsuit.

Christine O’Reilly, 31, said Citi’s Benjamin Waters tried to barge his way into her hotel room after a corporate event at a trendy London bar, bombarded her with phone calls and suggestive drunken messages, and spread false rumors that they were involved in a sexual relationship, according to the complaint filed in a Manhattan federal court Monday.

When she raised red flags about the trader’s alleged obsessive behavior to her supervisors at London-based TP ICAP, she was told to “tolerate and flirt with Mr. Waters to maintain the business relationship with Citi,” the lawsuit said.

O’Reilly has been on leave since March after she complained to her firm’s HR managers LinkedIn

She also reported Waters’ behavior to his boss at Citi, Bhavin Parikh, but to no avail, according to the complaint.

“The parallel failures of both Citi and ICAP created an interconnected hostile work
environment where Mr. Waters, as a Citi employee, could freely harass Ms. O’Reilly, an ICAP
employee, with the knowledge and facilitation of ICAP senior management,” the lawsuit said.

The lawsuit is the latest sexual harassment scandal to engulf Citi after a string of complaints about the behavior of its executives and how they treat female high-flyers — including a case brought last year by managing director Ardith Lindsey that is still before the court in New York.

Waters is not named in O’Reilly’s complaint, but it accuses Citi of allowing Waters to “extract inappropriate personal favors from brokers.”

It also names ICAP and one of her supervisors, Janie McCathie.

O’Reilly’s lawsuit, filed in New York, is the latest legal complaint to lash out at the bank’s “hostile environment” for female executives. NurPhoto via Getty Images
Her employer ICAP is accused of dismissing her concerns so they could hang on to lucrative trading business with Citi. Handout

However, O’Reilly describes in her lawsuit how Waters, a London-based broker who worked on the bank’s Delta One desk, allegedly first “developed an inappropriate personal interest” in O’Reilly in February 2020 at the Ned, a high-end bar and restaurant in London’s financial district.

Waters is accused of making crude sexual remarks at the corporate event at the popular club before following her back to her hotel, where he allegedly tried to force his way into O’Reilly’s room.

His obsession continued with text messages on WhatsApp and social media throughout 2020 and 2021, the lawsuit said.

Last September, O’Reilly posted a string of photos on Instagram to which Waters allegedly replied: “Nice feet,” according to court exhibits of the text messages.

O’Reilly then replied: “What do you want Ben — all constant messages no business? I cannot make it clear I do not give a f——— enough so…. What?”

In one vile message, Waters appears to demand to know what O’Reilly was wearing. Southern District of New York

She also claimed Waters, a native of Auckland, New Zealand, continued to persist with his unwanted advances even after she reported it to her immediate supervisors.

One of those bosses, McCathie, insisted the broker “tolerate and flirt with Mr. Waters to maintain the business relationship with Citi,” according to the complaint

Her lawsuit said her supervisor was “tying her job to the need to tolerate sexual harassment.”

Screenshots of text messages between the pair showed that McCathie told O’Reilly “you need to play the game” in July 2022.

After O’Reilly blocked Waters on WhatsApp and restricted him on Instagram, McCathie told her to unblock him, the lawsuit said.

Court exhibits show how O’Reilly’s supervisor McCathie repeatedly dismissed her concerns about Waters’ behavior. Southern District of New York

Waters later allegedly threatened to cut all business ties with ICAP as a result of O’Reilly’s complaints.

“I am getting less trades as a result of you,” McCathie wrote to her on WhatsApp last September after O’Reilly threatened to go to the firm’s compliance department, the complaint said.

The lawsuit described how McCathie had told O’Reilly on a conference call in February to “go f— yourself” and that she was “useless.”

She then allegedly wrote on an internal chat that could be read by everyone on both the London and New York desks that O’Reilly was “a joke” and “mental.”

The Post has approached McCathie for comment.

O’Reilly did not respond to the Post’s request for comment.

She has been on leave from ICAP after reporting the four years of abuse to its human resources managers last March.

Ardith Lindsey, a high-flying equities trader, is suing Citi over accusations that it failed to take action against her former boss for years of sexual harassment. Facebook / Ardith Lindsey

A spokesperson for Citi declined to comment but confirmed both of its employees mentioned in O’Reilly’s lawsuit no longer work for the bank.

It is unclear when Waters and Parikh left Citi. Both of their LinkedIn profiles are still to be updated with the news of their departure.

The Post has approached both men for comment.

A spokesman for TP ICAP told the Post: “It is TP ICAP’s policy not to comment on pending litigation.”

Credit: Source link

YOU MAY ALSO LIKE

The Trump-Musk feud continues to intensify — here’s why it won’t end anytime soon

Jack Daniel’s maker reveals surprising reason why Americans are drinking less whiskey

ShareTweetSendSharePin

Related Posts

The Trump-Musk feud continues to intensify — here’s why it won’t end anytime soon
Business

The Trump-Musk feud continues to intensify — here’s why it won’t end anytime soon

June 7, 2025
Jack Daniel’s maker reveals surprising reason why Americans are drinking less whiskey
Business

Jack Daniel’s maker reveals surprising reason why Americans are drinking less whiskey

June 7, 2025
Here’s why SpaceX faces a bright future as government contractor despite Musk-Trump divorce
Business

Here’s why SpaceX faces a bright future as government contractor despite Musk-Trump divorce

June 6, 2025
Trump’s immigration, trade policies could cost $12 billion in losses for tourism industry: report
Business

Trump’s immigration, trade policies could cost $12 billion in losses for tourism industry: report

June 6, 2025
Next Post
White Castle wooing financially strapped customers with eye-popping menu prices

White Castle wooing financially strapped customers with eye-popping menu prices

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Prosus: Several Ways To Own Tencent

Prosus: Several Ways To Own Tencent

June 3, 2025
Voxel51’s New Auto-Labeling Tech Promises to Slash Annotation Costs by 100,000x

Voxel51’s New Auto-Labeling Tech Promises to Slash Annotation Costs by 100,000x

June 4, 2025
Samsung’s Galaxy S25 Edge Shows the Limits of Impressively Thin Phones

Samsung’s Galaxy S25 Edge Shows the Limits of Impressively Thin Phones

June 6, 2025

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!