Fund distribution looms in investor lawsuit against FXCM Inc
Plaintiffs in the class action lawsuit against FXCM Inc push for Court approval of distribution of funds.
Plaintiffs in the class action lawsuit against FXCM Inc push for Court approval of distribution of funds.
Jefferies currently intends to seek to lift the automatic stay in the bankruptcy proceeding and to enforce its rights under the term loan.
The plaintiffs now move for final approval of the $6.5 million settlement, releasing claims against FXCM Inc, Drew Niv and William Ahdout.
The Court has granted preliminary approval of a $6.5 million settlement in a securities class action brought by FXCM Inc stockholders.
Dror Niv and William Ahdout have agreed to settle the securities class action for $6,500,000.
Global Brokerage Inc, formerly known as FXCM Inc, and investor suing the company, say they need more time to work on settlement.
Global Brokerage Inc, formerly known as FXCM Inc, and plaintiffs in a securities class action are close to settlement.
The securities class action against Global Brokerage, formerly known as FXCM Inc, gets stayed to allow parties to document their settlement.
FXCM wants its settlements with the CFTC and NFA not to be used as evidence during the upcoming trial.
Global Brokerage Inc, formerly known as FXCM Inc, Drew Niv and William Ahdout have failed to persuade the Court to review its summary judgment order.