Citibank Wins Bid To Keep $73M Fraud Suit In Federal Court
By David McAfee ( December 4, 2013, 6:07 PM EST) -- A New York federal judge on Tuesday rejected Korean technology firm Simmtech Co. Ltd.'s motion to remand to state court its $73 million fraud suit accusing Citibank NA of duping Simmtech into investing in derivatives contracts to hedge against currency fluctuations by hiding risks....
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