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Foreign currency traders file class action alleging manipulation of foreign exchange rates

( November 8, 2013, 23:31 GMT | Official Statement) -- MLex Summary: Simmtech has filed a class action on behalf of all persons who traded foreign currency directly with defendants in the Republic of Korea, arguing that foreign exchange dealers conspired to manipulate WM/Reuters Closing Spot Rates which affected the pricing of trillions of dollars' worth of financial transactions, including foreign exchange trades and other instruments such as pensions and savings accounts that track global indices.See the complaint in full below....

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