Setback For Seita In Swaps Suit Against Salomon Smith Barney
NEW YORK--The New York supreme court has dismissed claims of breach of fiduciary duty, misrepresentation and fraud filed last year by Seita against Salomon Smith Barney over two currency swap transactions contracted in 1994. The only outstanding portion of Seita's claims involves alleged concealment of critical investment facts by Salomon.
Seita went to court to recover the $30 million losses
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