Saxena White Announces Approval of FXCM Derivative Settlement

Saxena White is pleased to announce that on June 5, 2019, the Delaware Court of Chancery approved a $1.55 million settlement entered into with FXCM’s former Board of Directors, on behalf of the Company. The cash component of the settlement is a significant benefit to the Company, exceeding its market cap several times over and representing the culmination of nearly five years of litigation. In approving the settlement, the Court remarked that “given the facts here . . . I should applaud” Saxena White for the “excellent result” we achieved faced with an “enormously difficult case.” The Court went on to praise our attorneys as “among the best” who did their “utmost” in “a very well-tried case.”