Investors suing FXCM Inc secure partial class certification
The District Judge has agreed to partially grant the class certification motion in the lawsuit targeting FXCM Inc.
The District Judge has agreed to partially grant the class certification motion in the lawsuit targeting FXCM Inc.
Global Brokerage, Inc f/k/a FXCM, Inc and investors suing the broker will not be objecting to recommendations on class certification.
Judge Barbara Moses recommends that only a part of the proposed class suing FXCM Inc be certified.
Settlement discussions in the lawsuit brought by investors in FXCM Inc have stalled given the outstanding motion on class certification.
The parties in an investors’ lawsuit targeting FXCM Inc have secured additional time to complete depositions of witnesses.
Global Brokerage Inc, formerly known as FXCM Inc, saw its stockholders’ deficit widen to $147 million in Q3 2020.
Global Brokerage, Inc. f/k/a FXCM Inc., argues that investors do not enlist a sufficient number of noteholders to certify a class.
The list of FXCM Inc note holders that are potential class members in this lawsuit includes 35 names.