2-4-14 8:32 AM EST | Email Article

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of the securities of INTL FCStone, Inc. (“INTL FCStone” or the “Company”) (NASDAQ:INTL) between February 17, 2010 and December 16, 2013, inclusive (the “Class Period”).

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

INTL FCStone was created through the merger of International Assets Holding Corporation and FCStone Group, Inc., in 2009, as a financial services holding company offering financial services including execution and advisory services in commodities, currencies and international securities to customers worldwide. The Complaint alleges that throughout the Class Period the Company and certain of its executive officers issued a series of material misstatements or failed to disclose material facts concerning INTL FCStone’s business, operations and prospects, including, among other things:

  • critical integration issues with the 2009 merger, including with respect to financial reporting for the Company’s Commodity and Risk Management unit;
  • overstated revenues in trading gains of up to $10.2 million, causing an overstatement of net income by approximately $6.4 million; and
  • a lack of adequate internal and financial controls.

If you are a member of the Class described above, you may move the Court no later than March 14, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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Morningstar - 2014/2/4 - Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit on Behalf of Investors of INTL FCStone, Inc.
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