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Citigroup settles in IC misclassification case

Eighteen plaintiffs will receive a $325,000 settlement from Citigroup Inc. after months of litigation alleging the employer inappropriately classified a number of its information technology workers as contractors in order to avoid paying overtime wages, Legal Reader reports [1]. Citigroup is a US-based multinational investment banking corporation headquartered in Manhattan. It was formed when Citicorp merged with Travelers Group in October 1998, marking one of the largest mergers in US history.