Parties Seek 2nd Circuit Review Of Securities Class Action Dismissal

(March 17, 2017, 10:22 AM EDT) -- NEW YORK — The lead plaintiff and defendants in a securities class action lawsuit against an online foreign exchange market broker and certain of its officers asked the Second Circuit U.S. Court of Appeals recently to decide whether a federal district court judge erred in dismissing the lead plaintiffs’ amended complaint for failure to plead scienter pursuant to federal securities laws (Retirement Board of the Policemen’s Annuity and Benefit Fund of Chicago v. FXCM Inc., et al., No. 16-3775, 2nd Cir.)....