NEW YORK, Jan. 21, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of FXCM Inc. ("FXCM" or the "Company") (NYSE: FXCM), concerning whether the board has breached its fiduciary duties to shareholders.
On January 16, 2015, FXCM disclosed that recent volatility in the Swiss Franc, its clients experienced "significant losses" in the hundreds of millions of dollars. As a result, FXCM stated that it "may have been in breach of some regulatory capital requirements." On this news, shares of FXCM declined over 85%.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own FXCM shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP