Ruiz v. Credit Agricole Corporate and Investment Bank

CourtDistrict Court, S.D. New York
DecidedJune 10, 2025
Docket1:22-cv-10777
StatusUnknown

This text of Ruiz v. Credit Agricole Corporate and Investment Bank (Ruiz v. Credit Agricole Corporate and Investment Bank) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ruiz v. Credit Agricole Corporate and Investment Bank, (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK --------------------------------------------------------- X : JOSÉ RUIZ, : : Plaintiff, : : 22-CV-10777 (VSB) (BCM) -against - : : OPINION & ORDER CREDIT AGRICOLE CORPORATE AND : INVESTMENT BANK; ANTHONY : BOTTING, : : Defendants. : : --------------------------------------------------------- X Appearances: Gregory Phillip Feit Alice Keeney Jump Reavis Page Jump LLP New York, NY Counsel for Plaintiff Barbara M. Roth Anastasia A Regne Tyler Thomas Hendry Herbert Smith Freehills New York LLP New York, NY Counsel for Defendant Credit Agricole Corporate and Investment Bank David Brian Wechsler Daniel Barnett Grossman Joseph Terence Gallagher Harris St. Laurent & Wechsler LLP New York, NY Counsel for Defendant Anthony Botting VERNON S. BRODERICK, United States District Judge: Plaintiff José Ruiz (“Ruiz”) was an employee at Defendant Crédit Agricole Corporate and Investment Bank (“Crédit Agricole” or the “Bank”). Ruiz alleges that Defendant Keith Botting (“Botting”)—at times his supervisor at the Bank—and other Bank employees racially discriminated against him during his employment. Ruiz asserts causes of action for disparate treatment, hostile work environment, and retaliation against Botting personally under the New York State Human Rights Law (“NYSHRL” or “State HRL”), N.Y. Exec. Law § 290, and the

New York City Human Rights Law (“NYCHRL” or “City HRL”), N.Y.C. Admin. Code § 8-107. Ruiz also asserts causes of action against the Bank that are not at issue for purposes of this Opinion & Order. Before me is Botting’s motion to dismiss Ruiz’s causes of action for lack of personal jurisdiction under Federal Rule of Civil Procedure 12(b)(2) and for failure to state a claim under Rule 12(b)(6). Because I find that personal jurisdiction over Botting exists, his Rule 12(b)(2) motion is DENIED. However, I find that Botting was not an “employer” against whom the State HRL authorizes suit, so Botting’s motion to dismiss Ruiz’s State HRL claim under Rule 12(b)(6) is GRANTED. Finally, because I find that Ruiz plausibly alleges causes of action for disparate- treatment, hostile-work-environment, and retaliation under the NYCHRL, Botting’s Rule

12(b)(6) motion is DENIED as to these causes of action. In sum, the Rule 12(b)(6) motion is GRANTED IN PART and DENIED IN PART. Factual Background1 0F Plaintiff José Ruiz is a former employee of Defendant Crédit Agricole Corporate and Investment Bank (“Crédit Agricole,” or the “Bank”). (Doc. 1 (“Compl.”) ¶¶ 6.) Ruiz describes himself as a “non-White Latinx male,” born in the United States “of Peruvian heritage.” (Id. ¶ 12.) Ruiz graduated from Dartmouth College, received his MBA from UCLA, and after six

1 I draw these facts from Plaintiff’s complaint, and assume they are true for the purposes of the motion to dismiss under Rule 12(b)(6). See, e.g., Chambers v. Time Warner, Inc., 282 F.3d 147, 152 (2d Cir. 2002). My recitation of these facts does not constitute factual findings and should not be construed as such. years in the financial services industry began working for Crédit Agricole “at the Director level and has Head of the [Foreign Exchange (“FX”)] Trading Desk for the Americas” in 2010. (Id. ¶¶ 14–15.) In 2014, the Bank promoted him to “Managing Director.” (Id. ¶ 17.) In 2015, the Bank promoted him again to “Head of Emerging Market [(“EM”)] Trading for FX, Interest Rate

Derivatives, and Credit.” (Id. ¶ 18.) Ruiz alleges that EM “is generally one of the few areas in global financial firms where Latinx people are hired at or promoted to senior positions.” (Id.) Following Ruiz’s 2015 promotion, Defendant Keith Botting became one of his supervisors. (Compl. ¶ 19.) Botting worked at the Bank’s London office, and Ruiz “worked under or in close connection with him” from the Bank’s New York office. (Id., see Doc. 29 (“Ruiz Decl.) ¶¶ 2, 5.2) Ruiz alleges that Botting “consistently and routinely treated” him and 1F his nonwhite colleagues “disrespectfully.” (Compl. ¶ 20.) For instance, during a work dinner in fall 2015, Botting “publicly humiliated Ruiz” in front of his “managers and colleagues” by “suggesting that Ruiz did not know how to trade Emerging Markets FX and denigrating him for having not worked at a large bank.” (Id. ¶ 21.) “Ruiz’s colleagues came up to him afterward to comment that they had never seen such behavior and to compliment him for defending himself against Botting’s unwarranted abuse.” (Id.) After the incident, the Bank’s “reporting structure changed” such that Ruiz had fewer interactions with Botting, but Botting continued to “address[] Ruiz in a disrespectful and demeaning manner” when the two did interact. (Id. ¶ 22.) In 2017, Ruiz again became one of Botting’s direct reports. (Compl. ¶ 23.) Botting began “micromanaging Ruiz” because of “disagreements,” and Botting “frequently berated him over the phone with criticisms over minor issues” and “bombarded Ruiz with negative emails.”

2 I reference Ruiz’s declaration, which describes how Botting directed certain actions from London to New York, solely for purpose of resolving Botting’s motion to dismiss for lack of personal jurisdiction. A court may properly consider extrinsic evidence in considering such a motion. See DiStefano v. Carozzi N. Am., Inc., 286 F.3d 81, 84 (2d Cir. 2001). (Id.) After two new white traders began working for Botting, Botting reassigned “Asia trading desk” responsibilities from Ruiz to one of the white traders, and told Ruiz that he should “emulate” the newly hired white traders. (Id. ¶¶ 24–25.) Neither of the white traders succeeded at the Bank and left the firm “within a year or so.” (Id. ¶ 25.)

In October 2018, Ruiz “reluctant[ly]” reported “Botting’s abuse” to an individual in the Bank’s Human Resources department (“HR”), “[b]ut Human Resources concluded that it was merely a ‘style issue.’” (Compl. ¶ 26.) Ruiz had been reluctant to report Botting’s actions because he “feared that he would be blackballed within the Bank and in the industry for raising the issue” of Botting’s “discrimination.” (Id.) Indeed, after Ruiz’s conversation with HR, the Bank’s “Head of Sales and Trading [] approached Ruiz to see if he would be willing to accept a severance package to leave [the Bank], since Botting was unlikely to be terminated.” (Id. ¶ 27.) “Ruiz rejected [the] offer, as he enjoyed his work and hoped the situation with Botting would improve.” (Id.) In November 2018, Ruiz—believing he had the authority to do so—suspended a client’s

trading privileges for certain FX transactions because of the client’s “history of predatory trading on prices that did not reflect actual market pricing.” (Compl. ¶ 35.) He “immediately notified” Botting and the client’s account manager, who did not intervene. (Id.) The following week, after the client “threatened to take business away” from the Bank, Ruiz restored the client’s trading privileges. (Id.) Ruiz received a “warning” from the Bank for the incident, even though one manager told Ruiz that he believed Ruiz “had been treated unfairly,” and another manager “admitted” that “he had found no evidence that Ruiz had violated any established policy or guidelines.” (Id. ¶ 36.) Ruiz had a performance review in late 2018 following his report of Botting’s behavior to HR.3 (Compl. ¶ 28.) Ruiz’s 2018 performance review, “for the first time in his career” at the 2F Bank, was “negative,” and the $160,000 bonus he received that year was less than the bonuses that he had received in previous years, which ranged from $290,000 to $320,000.

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Ruiz v. Credit Agricole Corporate and Investment Bank, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ruiz-v-credit-agricole-corporate-and-investment-bank-nysd-2025.