Forex Receiver Wants Owner To Pay $3M In Damages

By James Armstrong

Law360, New York (January 11, 2010, 8:03 PM ET) -- The receiver for Forex Liquidity LLC is seeking an order requiring the firm's former head to reimburse it and the U.S. Commodity Futures Trading Commission for damages it says were incurred when the executive was held in contempt of court for not handing over more than $7 million dollars in assets.

Robb Evans & Associates LLC filed a motion Monday in the U.S. District Court for the Central District of California to compel Forex Liquidity principal owner Robert Gray to pay more than $2.8 million in...
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