By Alex Lawson Law360, New York (November 19, 2013, 6:48 PM ET) — Barclays PLC, Citigroup Inc. and other banking giants have been hit with a new putative class action surrounding foreign exchange rate manipulation in New York federal court, this time facing allegations from a South Korean technology firm that the group’s conduct caused…

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South Korea’s Simmtech Sues Large Banks in U.S. Court Semiconductor Maker Claims Damages in Connection with Alleged Currency Markets Manipulation By Anjani Trivedi Nov. 19, 2013 11:19 a.m. ET A South Korean company is claiming damages in a U.S. court from some of the world’s biggest banks in connection with alleged manipulation of global currency…

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Kevin McCoy, USA TODAY 11:55 a.m. EST November 18, 2013 The foreign exchange trading investigation is the latest multinational probe of financial benchmarks that affect trillions of dollars in personal and business transactions. A South Korean company has accused seven global banks of manipulating foreign exchange rates, the second lawsuit filed amid a multi-national investigation…

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Simmtech Corp. damaged by KIKO, claims Citibank N. A. over Fraud in NY court… creating international lawsuit Simmtech Corp. damaged by foreign exchange derivative called KIKO sued Citi interrelated enterprises including Citibank N. A. for compensation amount to 73 million dollars(80 billion KW). Heads of global banks never had been claimed over KIKO related damage…

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KIKO damage claim in New York(NY), Simmtech Corp. vs. Citibank N. A., seems to have great influence on related domestic KIKO case, as NY Supreme Court gets into formal trial. With such U. S. litigation against Citibank came a turning point in other KIKO cases regarding SC bank. Upon the stage of NY, it is…

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