Broker Settles Swiss 'Flash Crash' Suit Against Ex-Client
Law360, London (November 26, 2019, 5:38 PM GMT) -- An international trading company has settled its U.K. lawsuit against a former client allegedly owed in the wake of the 2015 "flash crash" of the Swiss franc, according to a court order signed by High Court Judge Mark Pelling on Monday.
Interactive Brokers (U.K.) Ltd. reached a confidential deal with former client Jennifer Holzmeister-Hartmannon on Nov. 18 to end litigation over funds allegedly owed under the customer’s trading account.
“By consent it is ordered that all further proceedings in this action be stayed upon the terms set out in a confidential settlement agreement,” the High Court order stated.
The action was...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!