Marc Primo Pulisci is reading…

 

Below is the first part of an article by Avi Mizrahi from Forexmagnates.com. It reads…..

 

A new class action lawsuit for an alleged manipulation of foreign exchange rates was filed on November 8th, in a U.S Federal District Court in Manhattan, New York, against Barclays, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan Chase, Royal Bank of Scotland and UBS.

 

The plaintiff in this new suit is Simmtech Co. Ltd., a South Korean semiconductors and communication technology manufacturer. According to the suit, Simmtech claims that the alleged collusion of traders at the accused major banks distorted FX rates for the benefit of the banks and to the detriment of their clients and other traders in the global market.

 Source: here

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Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on TwitterMantaFacebookSquarespaceDot Com

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