Korean Law Applies To $73M Citi Fraud Suit, 2nd Circ. Told

By William Gorta ( May 9, 2017, 5:33 PM EDT) -- South Korean circuit board maker Simmtech Co. Ltd. asked the Second Circuit to reinstate the company's $73 million currency-exchange fraud suit against Citibank NA, arguing Tuesday that the lower court should have used Korean law when determining preclusion....

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