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International law firm Giambrone Law and London-based financial litigation boutique firm Healys LLP have teamed up to prepare two class action lawsuits against a duo of binary options brokerages, LBinary and NRGbinary, who have allegedly defrauded nearly 70 investors from their deposits of in excess of €4.3 million. The majority of claimants are from Saudi Arabia and Kuwait, with some European clients from Germany and Italy joining the class action.
Two separate cases will be filed before the High Court of Justice in London. The English jurisdiction has been selected due to the role played by Moneynetint Ltd, a ... (read more)