Contracts
Breach of Contract
Misrepresentation
Citigroup Global Markets Inc. v. George Chris Sinanis
Published: Jun. 30, 2012 | Result Date: Jun. 8, 2012 | Filing Date: Jan. 1, 1900 |Case number: 10-02527 Arbitration – $103,896
Facts
Citigroup Global Markets Inc. filed an arbitration claim against George Sinanis in relation to promissory note dated Sept. 2, 2008, and executed by Sinanis during his employment with Citigroup. Sinanis filed a counterclaim.
Contentions
CLAIMANT'S CONTENTIONS:
Claimant alleged that Respondent breached a promissory note.
RESPONDENT'S CONTENTIONS:
Respondent denied the allegations, and alleged misrepresentation and breach of contract.
Damages
Citigroup sought $187,598.38, and Sinanis sought $611,596.22.
Result
The arbitration panel awarded Sinanis $103,896
Other Information
ARBITRATORS: Mary Margaret Bush, Thomas R. Watkins, Gerald C. Tambe.
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