Citicorp's winning the lucrative electronic benefits transfer contract for seven northeastern states has been overturned by a state court.

In a ruling Tuesday, the New York State Supreme Court said the contract was "illegally and arbitrarily" awarded to Citicorp in February 1996 by the New York Department of Social Services. New York had been designated lead state of the consortium known as the Northeast Coalition.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.