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Legal Opinion

Nguyen v. FXCM Inc.

District Court, S.D. Illinois

Decided February 1, 2019No. Case No.: 1:17-cv-2729-PAC-HBP; Case No.: 1:17-cv-4699-PAC-HBPPublishedCited by 61 opinions

1Opinion of the Court

HONORABLE PAUL A. CROTTY, United States District Judge:

This is a consolidated securities class action1 , alleging that Defendants failed to disclose a conflict with Effex Capital, LLC ("Effex"), the leading foreign currency exchange ("forex") trading platform for FXCM, Inc., Forex Capital Markets, LLC, *232and FXCM Holdings, LLC (collectively, "FXCM"). According to Plaintiffs, FXCM hired Defendant John Dittami to create the forex trading platform Effex, which FXCM spun off but retained control over. FXCM presented its forex trading system as designed to produce better results for customers…

2Cases cited40 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Arbaugh v. Y & H Corp.Supreme Court of the United States · 2006
  4. Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
  5. Loreley Financing (Jersey) No. 3 Ltd. v. Wells Fargo Securities, LLCCourt of Appeals for the Second Circuit · 2015

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3Cited by61 opinions

  1. Shulman v. Chaitman LLPDistrict Court, S.D. Illinois · 2019
  2. Abreu Moreno v. Ortiz HerreraDistrict Court, S.D. New York · 2024
  3. Accounting Firm Search Associates, Inc. v. NelsonDistrict Court, S.D. New York · 2020
  4. Agapov v. UBIF Franchising Co.District Court, S.D. New York · 2024
  5. Baisley v. Slade Industries, Inc.District Court, S.D. New York · 2022

56 more not listed; retrieve them via the Exa API.

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