About Global Brokerage, Inc.
Global Brokerage, Inc. (NASDAQ:GLBR) is a holding company with an indirect effective ownership of FXCM Group, through its equity interest in Global Brokerage Holdings, of between 7.5 – 37.3% depending on the amount of distributions made by FXCM Group.
Global Brokerage, Inc. (NASDAQ:GLBR) (“Global Brokerage”), announced on December 11, 2017, that, after receiving votes from approximately 78.5% of the holders of its 2.25% Convertible Notes due 2018 (the “Current Notes”) unanimously approving its proposed, prepackaged plan of reorganization (the “Plan”), Global Brokerage has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
The bankruptcy case is expected to take no longer than sixty days. All voting creditors voted in favor of the Plan.
Additional information regarding Global Brokerage's Chapter 11 case and the Plan can be found in the Current Report on Form 8-K filed with the SEC on November 13, 2017 http://ir.globalbrokerage.info/secfiling.cfm?filingID=1615774-17-6527&CIK=1499912 and on the Prime Clerk website at: https://cases.primeclerk.com/globalbrokerage.