Citigroup has won $ 25 m in damages in a lawsuit against global Associates LLC , a firm founded by two former Goldman Sachs partners ; the bank accused Tomar of violating its obligations by not paying the amount of collateral it owed , following a huge scandal betting the wrong way on the Swiss market . Citigroup and Tormar have until 23rd failed to reach an agreement on how the damages should be awarded .
Citigroup has won $25m in damages in a lawsuit against Tomar Associates LLC, a firm founded by two former Goldman Sachs partners; the bank accused Tomar of breaching its contracts by not paying the amount of collateral it owed, following a huge loss betting the wrong way on the Swiss franc. Citigroup and Tormar have until 23rd December to reach an agreement on how the damages should be awarded.