
Edmar Financial Company, LLC v. Currenex, Inc. — 2d Cir. (Oct 13, 2026)
Oral Arguments, with ContextShow Notes
The Second Circuit considers whether to allow an early appeal in a lawsuit over Currenex's currency-trading platform. Traders allege that Currenex secretly gave Goldman Sachs, State Street, and HC Technologies priority over other users when their orders offered the same price. They say those undisclosed advantages distorted trading and harmed users without the privileges. In June 2026, the district court allowed the case to proceed as a class action on some claims. Class certification lets named plaintiffs pursue a case for a larger group; it does not decide that defendants broke the law. For a damages class like this one, common questions must predominate, meaning they outweigh questions requiring individual answers. The defendants seek review under Federal Rule of Civil Procedure 23 F, which permits an appeal of class certification before final judgment, but only with the appeals court's permission. You will hear references to a Daubert motion, a request to exclude unreliable expert testimony. Carmine Boccuzzi, of Cleary Gottlieb, will begin for the defendants, asking for permission to appeal the class-certification ruling now.
Edmar Financial Company, LLC v. Currenex, Inc. (No. 26-1739) — U.S. Court of Appeals for the Second Circuit, argued October 13, 2026.
Sources:
Argument audio — official Second Circuit; this complete matter only, before the next case: https://ww3.ca2.uscourts.gov/audio/26-1739%20mtn.mp3
Case and argument date — official Second Circuit recording index: https://ww3.ca2.uscourts.gov/oral_arguments.html
Alleged trading-platform conduct and background — S.D.N.Y. Doc. 83, May 18, 2023: https://cases.justia.com/federal/district-courts/new-york/nysdce/1%3A2021cv06598/564492/83/0.pdf?ts=1684501168
Plaintiffs' own account of the trading allegations — case counsel Zigler Law Group: https://www.ziglerlawgroup.com/fincancial-misconduct
Rule 23 F petition, caption changes and case-linked counsel — public clerk docket transcription: https://dockets.justia.com/docket/circuit-courts/ca2/26-1739
Challenged class-certification ruling — June 11, 2026; public opinion excerpt, not full text: https://case-law.vlex.com/vid/edmar-fin-co-v-1121668190
Class certification, predominance and permission to appeal — Federal Rule of Civil Procedure 23: https://www.law.cornell.edu/rules/frcp/rule_23
Expert testimony and reliability — Federal Rule of Evidence 702: https://www.law.cornell.edu/rules/fre/rule_702
Expert-admissibility screening — Daubert v. Merrell Dow, 509 U.S. 579 (1993): https://supreme.justia.com/cases/federal/us/509/579/
Carmine Boccuzzi's current firm — Cleary Gottlieb professional profile: https://www.clearygottlieb.com/professionals/carmine-d-boccuzzi-jr
David Cooper's current firm — Quinn Emanuel professional profile: https://www.quinnemanuel.com/attorneys/cooper-david/
Independent 2026 counsel-affiliation check only — New York court's Shanklin opinion: https://www.nycourts.gov/reporter/3dseries/2026/2026_00480.htm
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