Claim is maintained against Citi for the Oceanography case

The US Supreme Court yesterday refused to hear Citigroup’s request to avoid a lawsuit accusing the bank of causing more than $1 billion in losses by orchestrating fraud at Mexican oil and gas services company Oceanografía. The judges rejected Citigroup’s appeal against a lower court’s May 2025 decision to revive the lawsuit by more than 30 interested parties, including Oceanography bondholders, shipping companies and Netherlands-based Rabobank. Oceanografía provided drilling services to Petróleos Mexicanos before the Mexican government seized it in 2014. Two years later it declared bankruptcy. In the image, Oceanography offices in Mexico City in June 2022.