FXCM : Dismissal Granted in SNB Related Securities Class Action Lawsuit Against FXCM Inc. and Certain Officers
August 23, 2016 at 04:16 pm EDT
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FXCM Inc. /
Dismissal Granted in SNB Related Securities Class Action Lawsuit Against FXCM
Inc. and Certain Officers
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The issuer is solely responsible for the content of this announcement.
NEW YORK, Aug. 23, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) (or the "Company"), and certain officers were named defendants in a securities class action lawsuit filed in the United States District Court for the Southern District of New York on May 8, 2015. On August 18, 2016, the District Court granted the Company's motion to dismiss all the claims asserted in the complaint against defendants. The Plaintiffs were given thirty days to file an amended complaint, should they choose to do so.
The full order granting the motion for dismissal can be found on the Company's Investor Relations website here: http://ir.fxcm.com
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: FXCM Inc. via Globenewswire
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FXCM Inc. 55 Water Street New York USA
Listed: Freiverkehr in Börse Stuttgart, Freiverkehr in Börse Berlin, Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;
Global brokerage, Inc., formerly FXCM Inc. (FXCM), is engaged in providing online foreign exchange (FX) trading, contract for difference (CFD) trading, spread betting and related services. The Company owns over 50% of FXCM Group, LLC (FXCM Group). FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU). The Company focuses on providing global traders with access to market by offering trading tools, hiring trading educators. In addition, FXCM offers educational courses on FX trading and provides trading tools data and resources. FXCM Pro provides retail brokers, small hedge funds and market banks access to wholesale execution and liquidity, as well as providing high and medium frequency funds access to prime brokerage services through FXCM Prime.