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Cases & Deals

December 6, 2019

Global Brokerage Emergence from Bankruptcy

In 2018, we served as Debtors’ counsel to Global Brokerage, Inc.(f/k/a FXCM, Inc.) and its affiliates in connection with a prepackaged Chapter 11 bankruptcy case, which was filed in the SDNY following months of negotiations with Leucadia National Bank and an ad hoc group of noteholders.  Global Brokerage successfully emerged from bankruptcy on February 8, 2018 having exchanged its $172.5 million in convertible notes for new notes, an amended and extended loan for Global Brokerage’s subsidiaries, and amended governing documents.