Legal Opinion

Ret. Bd. of the Policemen's Annuity ex rel. Policemen's Annuity v. FXCM Inc.

District Court, S.D. Illinois

Decided August 10, 2018No. 15-CV-3599 (KMW)PublishedCited by 3 opinions

1Opinion of the Court

KIMBA M. WOOD, United States District Judge:

Plaintiff Retirement Board of the Policemen's Annuity and Benefit Fund of Chicago on Behalf of the Policemen's Annuity and Benefit Fund of Chicago ("Plaintiff") brings this putative securities class action against Defendants FXCM Inc. ("FXCM") and Dror Niv (collectively, "Defendants"). Plaintiff alleges that Defendants made material misstatements and omissions concerning risks in FXCM's business. Defendants have moved to dismiss Plaintiff's Second Amended Complaint for failing to *344adequately allege (i) that Defendants made a materially false…

2Cases cited26 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  4. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  5. Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005

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3Cited by3 opinions

  1. Jia Tian and David Feigelman, individually and on behalf of all others similarly situated v. Peloton Interactive, Inc., John Foley, Barry McCarthy, Jill Woodworth, Elizabeth F. Coddington, Thomas Cortese, and Hisao KushiDistrict Court, E.D. New York · 2026
  2. Retirement Bd. v. FXCM, Inc.Court of Appeals for the Second Circuit · 2019
  3. Solomon v. Peloton Interactive, Inc.District Court, E.D. New York · 2025

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