Law360, New York (June 14, 2016, 7:30 PM EDT) -- The Goldman Sachs Group Inc. has urged the Second Circuit to dismiss an appeal brought by a Singaporean billionaire claiming that he lost more than $34 million on exotic currency option trades, telling the appellate court that the man tried to dodge arbitration by filing a case with the U.S. Commodity Futures Trading Commission.Goldman Sachs on Monday asked the Second Circuit to dismiss an appeal brought by Oei Hong Leong, who is seeking to overturn U.S. District Judge Jesse M. Furman’s May decision enjoining him from pursuing his claims against Goldman Sachs in a CFTC reparations proceeding.The bank says... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
Goldman Sachs has asked the Second Circuit to dismiss a case levied against it by a Singaporean billionaire. The plaintiff claims he lost over $34m on exotic currency option trades while Goldman Sachs plan to fight the case.