April 27, 2026
Counsel in a class action against Interactive Brokers LLC over allegedly faulty algorithms asked a federal judge to award about $1.65 million in attorney fees and $1.63 million in litigation expenses and approve a settlement worth $6.8 million.
January 26, 2026
Online broker-dealer Interactive Brokers LLC and an investor have asked a Connecticut federal judge to give an initial nod to a $5 million deal to end decade-long class action negligence claims surrounding an allegedly faulty algorithm that liquidated short-sold securities.
November 04, 2019
Interactive Brokers LLC filed a counterclaim on Friday against an investor who alleges the firm used a faulty algorithm to liquidate securities he'd short-sold, saying the investor's own risky trading led to his six-figure losses.
October 01, 2019
A Connecticut federal judge on Monday said he would not dismiss a putative class action from an investor who claims Interactive Brokers LLC used a faulty algorithm to liquidate securities he'd short-sold, causing six-figure losses.