Article: Western Union files countersuit in federal court against Citicorp.

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 ...

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