Excerpt:
A New York federal judge dismissed a proposed investor class action against foreign exchange brokerage FXCM on Thursday, saying the shareholders relied too much on lengthy quotes from regulatory probes and need to specifically say how the information is false when they amend their suit. Reading from the bench, U.S. District Judge Ronnie Abrams said investors in the company now called Global Brokerage Inc. simply took block quotes from the company’s securities filings [...]
