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Global Brokerage manages to secure partial dismissal of “mega lawsuit”
There is an update on the “mega lawsuit” against Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, from the New York Southern District Court, where an oral argument in the case brought by investors in the public securities of the company was held earlier today. Information is scarce at this point but what is clear is that the Judge Ronnie Abrams partially granted and partially denied the defendants’ motion to dismiss the case. The Court denied FXCM’s motion to the degree that it concerns the allegations against the broker made in the regulatory settlements from February 2017 with the United ... (full story)