Newman Ferrara LLP Announces Corporate Governance Investigation of FXCM Inc. -FXCM
NEW YORK, November 30, 2016 (BUSINESS WIRE) -- Newman Ferrara LLP announced that the firm is conducting an investigation on behalf of shareholders of FXCM Inc. (“FXCM” or the “Company”)(NASDAQ:FXCM) focusing on potential breaches of fiduciary duty by the Company’s Board of Directors (the “Board”).
FXCM, headquartered in New York City, is a holding company with subsidiaries engaged in various financial services. Newman Ferrara’s investigation focuses on decisions made by the Board, without shareholder approval, which significantly diminish shareholder value and do not benefit the Company. Considering FXCM’s poor performance since the credit agreement entered into between FXCM and Leucadia National Corporation (“Leucadia”) in January 2015, and the Company’s subsequent dealings with Leucadia, it appears the Board lacks the ability to fairly assess and oversee the Company’s direction and leadership.
Current FXCM stockholders seeking more information on this matter are invited to contact Newman Ferrara attorneys Jeffrey Norton (jnorton@nfllp.com) or Roger Sachar, Jr. (rsachar@nfllp.com) to discuss this investigation and their rights.
Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.
CONTACT:
Newman Ferrara LLP
Jeffrey M. Norton
1250 Broadway, 27th Fl.
New York, NY 10001
(212) 619-5400