FXCM Inc, Drew Niv and William Ahdout oppose investors’ claims in “mega lawsuit”

Global Brokerage, Niv and Ahdout describe 46 affirmative defenses as they seek to eliminate investor claims. The so-called “mega lawsuit” targeting Global Brokerage, Inc. formerly known as FXCM Inc. (“FXCM” or the “Company”), Dror Niv and William Ahdout, continues at…

Global Brokerage, f/k/a FXCM Inc, reports wider stockholders’ deficit in Q1 2020

At the end of the first quarter of 2020, the total shareholder deficit was $ 131.2 million. Global Brokerage Inc. (OTCMKTS: GLBR), formerly known as FXCM Inc., released its key financial metrics for the first quarter of 2020 as the…

E-Global gets added to plaintiffs list in “mega lawsuit” against FXCM Inc

Justice Barbara C. Moses Approves Addition of E-Global Trade and Finance Group Inc to List of Complainants in "Mega Prosecution" Against FXCM Inc. The list of complainants in the "mega trial" targeting FXCM Inc., now known as Global Brokerage Inc.,…

Jefferies puts maximum loss exposure due to involvement with FXCM at $130m

Jefferies' maximum exposure to losses resulting from its participation in FXCM includes the carrying amount of the term loan ($ 61.6 million) and the investment in an associated company ($ 68.4 million). Jefferies Financial Group Inc (NYSE: JEF), formerly Leucadia…

FXCM Inc not to oppose addition of E-Global to list of plaintiffs in “mega lawsuit”

E-Global should replace the complainant Sergey Regukh as the proposed class representative. Parties to the so-called "mega lawsuit" brought by investors from FXCM Inc., now known as Global Brokerage Inc., have filed a joint update letter updating the New York…

“Mega lawsuit” targeting FXCM Inc may see E-Global added to list of plaintiffs

The lawsuit is brought by investors in FXCM securities who were harmed by the fall in the share price in February 2017 when brokerage was banned in the U.S. Forex market. The so-called “mega lawsuit” brought by investors from FXCM…

FXCM claims ex-IT employee accusing it of harassment was not treated less well than others

If Alon Nachmany is entitled to compensatory damages, he is only entitled to damages for maximum emotional distress "garden variety", argues FXCM. About a month after former FXCM Inc. employee Alon Nachmany filed an amended complaint against his former employer,…

Another attempt by Effex Capital to challenge ruling in NFA lawsuit fails

Effex Capital failed to obtain a review of the Court of Appeal's decision in a lawsuit regarding NFA press releases regarding regulatory action against FXCM. The United States Supreme Court has launched a new attempt by Effex Capital, the company…

Global Brokerage produces nearly 8,000 documents in “mega lawsuit” brought by investors

No testimony was taken in the lawsuit against Global Brokerage, formerly known as FXCM Inc, and a number of its directors. The parties to the "mega lawsuit" against Global Brokerage, Inc. formerly known as FXCM Inc. ("FXCM"), Dror Niv and…

Former FXCM employee details his claims about discrimination and harassment

"I think this perception of me as" less manly "was because I didn't drink too much during IT lunches or because I used recreational drugs during and after the workday," says Alon Nachmany. With regard to gender discrimination and harassment…