Investors who claim computerized trading firm Tower Research Capital LLC manipulated the prices of Korean futures contracts swapped on an electronic trading system have requested class certification and the appointment of Cohen Milstein Sellers & Toll PLLC as lead counsel.
The plaintiffs, five South Korean citizens, said in a memorandum supporting their motion for class certification Thursday that the case will end if their proposed class isn't certified because the individual claims are too small and the class members too geographically dispersed to bring this case any other way. They also touted Cohen Milstein's experience as class counsel, adding that the firm has represented the proposed class in this case for the last seven years.
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The investors are represented by Michael B. Eisenkraft, Richard A. Speirs, "Jessica" Ji Eun Kim and Daniel S. Sommers of Cohen Milstein Sellers & Toll PLLC and YoungKi Rhee of We the People Law Group.
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