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In re Global Brokerage, Inc. f/k/a FXCM Inc. Securities Litigation
Case Number:
1:17-cv-00916
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Fenwick & West
- Gainey McKenna
- Gardy & Notis
- King & Spalding
- Newman Ferrara
- Pomerantz LLP
- Robbins Geller
- Wolf Haldenstein
Companies
Sectors & Industries:
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February 23, 2023
Judge Gives Initial OK To FXCM's $6.5M Investor Settlement
A Manhattan federal judge has given an initial nod to a proposed $6.5 million settlement deal that would end an investor suit against foreign exchange broker FXCM Inc. that claims the company traded against its own customers.
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February 06, 2023
FXCM Stockholders Seek Initial OK Of $6.5M Securities Deal
FXCM investors have asked a New York federal judge to grant the first green light to a $6.5 million settlement they reached with the foreign exchange broker, resolving claims FXCM secretly traded against its own customers.
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March 23, 2021
FXCM Stockholders, But Not Noteholders, Granted Class Cert.
A New York federal judge granted certification Tuesday to an investor class accusing FXCM of secretly trading against its own customers, but she declined to extend that certification to the online foreign exchange broker's noteholders.
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January 07, 2020
FXCM Investors Seek Class Cert. In Suit Over Secret Partner
Investors in FXCM have asked a New York federal judge for class certification in their stock-drop suit accusing the online foreign exchange broker of hiding a profit-sharing agreement with a market maker it secretly controlled.
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April 01, 2019
1 Exec Escapes, Rest Remain In FXCM Stock-Drop Suit
A New York federal judge has cut the former chief financial officer for FXCM from an otherwise largely untouched securities fraud suit claiming that the online foreign exchange broker's stock price was cut roughly in half when it came out that the broker was secretly trading against its own customers.
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June 07, 2018
Investors Blast FXCM Owner's Bid To Toss Securities Suit
Investors lobbing securities fraud claims against the company behind online foreign exchange broker FXCM on Wednesday blasted an attempt to nix their proposed class action, telling a New York federal court their latest amended complaint clearly alleges the company lied about its stakes in trades made on one of its platforms.
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May 08, 2018
FXCM Owner Says 'Cosmetic' Fixes Can't Save Investor Suit
Investors suing the company behind online foreign exchange broker FXCM for securities fraud have highlighted the deficiencies of their proposed class action by addressing mere "cosmetic problems" in the most recent version of their complaint, the company told a New York federal court Monday.
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March 01, 2018
FXCM Stock Fraud Suit Set Back By Vague Complaint
A New York federal judge dismissed a proposed investor class action against foreign exchange brokerage FXCM on Thursday, saying the shareholders relied too much on lengthy quotes from regulatory probes and need to specifically say how the information is false when they amend their suit.
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September 19, 2017
Investors Say FXCM Owner Can't Ditch Their Fraud Suit
Investors suing the company behind online foreign exchange broker FXCM for securities fraud have shot back at the company's bid to dismiss their consolidated class action complaint, telling a New York federal court on Monday that they have "more than satisfied" their pleading burden at this stage of the case.
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August 04, 2017
FXCM Owner Says Market Maker Suit Parrots Regulators
The company behind online foreign exchange broker FXCM urged a New York federal court Thursday to toss consolidated investor class allegations against the firm, calling the complaint a “cut and paste” job that repeats regulators’ unproven allegations about the business's relationship with a market maker.