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Article: Western Union files countersuit in federal court against Citicorp.
- Article from:
- PR Newswire
- Article date:
- December 14, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WESTERN UNION FILES COUNTERSUIT IN FEDERAL COURT AGAINST CITICORP
UPPER SADDLE RIVER, N.J., Dec. 14 /PRNewswire/ -- Western Union said today that it has filed counterclaims against Citicorp Services Inc., Citicorp, Citibank, N.A. and American Consulting Corporation, Inc. seeking, among other things, punitive damages of at least $1 billion. Last month, Citicorp Services Inc. initiated an antitrust action in federal court directed at Western Union and the operation of its money transfer service.
In its counterclaims, Western Union alleges, among other things, that the Citicorp entities and American Consulting conspired to replace Western Union in the ...