GAIN Capital has agreed to voluntarily dismiss the lawsuit against Forex trader Justin LeBlanc, accused of taking advantage of an order execution error.

On September 28, 2023, a stipulation of voluntary dismissal was filed with the New York Southern District Court.

The document, seen by FX News Group, states that the action is dismissed with prejudice pursuant to the Federal Rules of Civil Procedure 41(a)(1)(A)(ii), with each party bearing its own costs, disbursements and attorney’s fees.

Let’s recall that GAIN brought the lawsuit against LeBlanc back in May 2023. GAIN sought to recover ill-gotten trading proceeds of over $700,000 that the trader allegedly obtained by knowingly and wrongfully exploiting an obvious order execution error on GAIN’s trading platform. GAIN alleged that the defendant was unfairly and unjustly enriched at GAIN’s expense. Defendant’s conduct allegedly amounted to breach of his implied covenant of good faith and fair dealing with GAIN, unjust enrichment and alternatively constitutes a mistake thus requiring disgorgement of the ill-gotten proceeds.

The trader argued that GAIN’s claims have no merit.