NEW YORK, May 22 (Reuters) - A former managing director
at Citigroup ( C/PN ) sued the bank and its chief operating officer
on Wednesday, alleging she was fired for opposing what she said
were attempts to give regulators false information.
Kathleen Martin, a former managing director Citi hired in
2021 to help with data issues, said in a lawsuit filed in a New
York district federal court that her supervisor COO Anand Selva
wanted her to hide "critical information" from the Office of the
Comptroller of the Currency (OCC) about the bank's data
governance metrics.
Speaking for the bank and Selva, a Citigroup ( C/PN ) spokesperson
said in a statement "this lawsuit is without merit and we will
vigorously defend against it."
OCC did not immediately provide comment.
The lawsuit alleges that Selva wanted to hide information
because it would make the bank "look bad."
Selva urged Martin to falsely tell the regulator that Citi
had achieved particular goals when it had not, the lawsuit
alleged.
Martin was fired in Sept. 25, 2023, in retaliation for her
complaints, it said.
The data governance work was related to a 2020 OCC consent
order, according to the lawsuit.
OCC and the Federal Reserve in 2020 directed the bank to fix
longstanding and widespread deficiencies in its risk management,
data governance and internal controls.
Martin's attorney, Valdi Licul from law firm Wigdor LLP,
said in a statement that her client "at all times acted to
protect Citi's interests."
She is urging the court to reinstate her with the same
seniority status and is seeking back pay, including bonuses.
The case is Martin v. Citibank NA et al, U.S. District
Court, Southern District of New York, No. 24-03949.