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Tuesday, June 18, 2024 | Back issues
Courthouse News Service Courthouse News Service

Calif. Courts Of Appeal

EMPLOYMENT, LABOR - A California appeals court has upheld Citigroup's stock-purchase program, which gives participants the option of using a portion of their salaries to buy shares in the company's stock. But if they are fired or resign within two years, they forfeit the stock and the money used to buy it. The court found that employees who choose to participate in the program are paid all the wages they designate to invest in company stock. See ruling.

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