Ex-FXCM employee gets permission to amend harassment claims

FXCM has successfully dismissed the bulk of the complaint against it, but the Court has authorized the complainant to replicate certain allegations of sexual harassment. The lawsuit by Alon Nachmany – a former computer engineer at FXCM Inc., is expected…

Plaintiffs in “mega lawsuit” against FXCM Inc seek class certification

The proposed category covers "all persons and / or entities that purchased or otherwise acquired exchange-traded securities from Global Brokerage, Inc., f / k / a FXCM Inc., including FXCM 2 convertible senior notes , 25% due in 2018 and…

Global Brokerage, f/k/a FXCM Inc, registers wider stockholders’ deficit in Q3 2019

The total stock gap stood at $ 109.5 million at the end of September 2019. Global Brokerage Inc. (OTCMKTS: GLBR), formerly known as FXCM Inc., has published performance data for its website for the three months up to the end…

“Mega lawsuit” targeting FXCM gets referred to Magistrate Judge

The case was referred to Judge Barbara Moses, Trial Judge, for her general pre-trial, such as planning and discovery. The so-called "lawsuit" against Global Brokerage, Inc., formerly FXCM Inc., Dror Niv and William Ahdout, continues in the Southern District Court…

Judge asks: How many women worked in FXCM’s IT department from 2012 to 2014?

Judge Deborah A. Batts urges the parties to a labor harassment lawsuit against FXCM to prepare on a factual basis. In the context of the long-awaited pleading in a workplace harassment action against FXCM Inc., now known as Global Brokerage…

Jefferies puts maximum exposure to loss due to FXCM involvement at $131.4m

Jefferies' maximum exposure to the loss resulting from its involvement in FXCM is limited to the carrying value of the term loan ($ 58.6 million) and the investment in an associate ($ 72.8 million), amounted to $ 131.4 million as…

Court nixes Effex Capital’s petition for rehearing in NFA lawsuit

The Court of Appeal dismissed Effex Capital's attempt to challenge a decision in a lawsuit related to NFA's FXCM publications. Effex Capital, the entity involved in FXCM's exit from the US foreign exchange market, suffered another defeat on Wednesday in…

Effex Capital, involved in FXCM’s US exit, challenges Appeals Court ruling in NFA case

Effex Capital challenges the Court of Appeal's ruling of last August, when the Court sided with NFA on the content of FXCM's press releases. As FinanceFeeds pointed out, Effex Capital, involved in FXCM's exit from the US retail exchange market,…

Effex Capital, engulfed in FXCM’s US exit, gets more time to determine next steps in lawsuit against NFA

Effex Capital, which is suing the National Futures Association over its press releases regarding the settlement with FXCM, has more time to decide whether to file a rehearing application. Effex Capital, the entity involved in FXCM's exit from the US…