Class Seeks Supplement OK In FXCM Chancery Breach Suit

Law360, Wilmington (May 17, 2017, 6:12 PM EDT) -- Attorneys for directors of foreign exchange broker FXCM Inc. disputed proposed additions Wednesday to an investor class complaint accusing the board of fiduciary breaches, waste and other failings, telling a Delaware Chancery Court that rules governing the fully briefed and pending dismissal motion bar the changes.

At the outset of arguments in his Georgetown courtroom, Vice Chancellor Sam Glasscock III said the issue in the derivative suit appeared to be one of first impression, after pointing out that court rules ordinarily cut off amendments once the...
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