21-05-2025
Former Citi Traders Drop Hong Kong Lawsuit on Cost Concerns
Two former Citigroup Inc. traders in Hong Kong abandoned their employment lawsuits after weighing costs and difficulties of taking it to a higher court, people familiar with the matter said.
Ex-Citi director Alrick Lee and Kenny Cheung, a former vice president, agreed to drop their wrongful-dismissal claims after a Labour Tribunal judge deemed their cases complex and offered to move them to High Court, the people said, asking not to be identified because they don't want to discuss the matter publicly.
