PFG Forex Metals Legal Account

PFG Forex Metals Legal Account

Resources

Bankruptcy Documents Referencing the Treatment of FX/Metals Accounts: Read our PFG Forex Metals Group Adversary Complaint submitted 10/15/2012 by Drohan Lee LLP. Read footnote 11, page 340 of the Motion to Liquidate FX Accounts submitted 7/27/2012 states we are not PFG “customers” under the bankruptcy code and that the treatment of our claims and distributions […]

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Although we have formed an LLC to hold the PFG Forex Metals Legal Account, we are not a 501(c)(4) non-for-profit. Due to how quickly the court case is moving, we did not think it would be feasible to pursue the costly and time consuming incorporation as a 501(c)(4)not-for-profit. There is a good chance that the […]

Trustee Files Motion for Summary Judgment on Count IV

The Trustee filed a Motion seeking Summary Judgment on Count IV of our Adversary Complaint. Count IV basically states that we should be considered customers under bankruptcy code as our contracts fall within the catch-all definition of “commodity contracts” as similar to other contracts traded by other customers. The CFTC has also filed a Memorandum […]

ADVERSARY COMPLAINT FILED FOR FOREX AND METALS ACCOUNTS IN U.S. BANKRUPTCY COURT

Our attorneys filed the PFG Forex Metals Group Adversary Complaint with the U.S. Bankruptcy Court, 10/15/2012. Our attorneys presented our Motion (filed 10/5/2012) in front of Judge Doyle 10/11/12. Due of the scope of our case, the Judge requested our Motion be withdrawn and re-filed as an Adversarial Complaint. Excerpts from our attorney’s Adversary Complaint: […]