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Gross v. GFI Group, Inc. et al
Case Number:
1:14-cv-09438
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Glancy Prongay
- Lowey Dannenberg
- Quinn Emanuel
- Scott&Scott
- Wachtell Lipton
- Willkie Farr
- Zumpano Patricios
Companies
Sectors & Industries:
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April 20, 2018
Investor Suit Over GFI Merger Gets Judge's Heave-Ho
A Manhattan federal judge on Friday tossed a suit claiming investors in brokerage GFI Group Inc. were duped into selling their shares on the cheap by news of a takeover bid by CME Group Inc. because top GFI brass never said a better offer was coming.
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August 23, 2017
Family Ties Troubling But Don't Sink GFI Class, Judge Says
Manhattan U.S. District Judge William H. Pauley III cleared investor Benjamin Gross Wednesday to be represented by his brother-in-law in a class action over the sale price of brokerage GFI Group Inc. despite being "troubled" by their failure to disclose that litigation is what the judge described as their "family business."
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July 28, 2017
Late Word Of Family Tie Irks Judge In GFI Sale Price Action
A New York federal judge expressed displeasure Friday that a proposed securities fraud class action targeting brokerage GFI Group Inc.'s sale price features a lead plaintiff whose sister has been married to co-lead counsel for 27 years, a relationship not disclosed until a June deposition.
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June 19, 2015
Pauley Set To Broker Unusual Fraud Action Over GFI Merger
Manhattan federal judge William H. Pauley III teed up arguments Friday in a novel securities fraud action in which a GFI Group Inc. investor who sold on news of CME Group Inc.'s $4.55 per share, $580 million takeover bid claims that the targeted broker's principals hid the fact that a far better offer from BGC Partners Inc. was on the table.