August 05, 2016
A New York federal judge again dismissed a South Korean circuit board producer’s suit contending that Citibank committed a $73 million currency exchange fraud, saying such allegations have already been rightfully tossed by Korean courts.
February 10, 2015
A New York federal judge on Tuesday dismissed a South Korean circuit board producer's suit accusing Citibank NA of committing a $73 million currency exchange fraud, saying the appropriate venue overseas had already dismissed the case and that the plaintiff was now trying to shop for a friendlier forum.
December 04, 2013
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.