April 03, 2026
A New York federal judge on Thursday allowed the receiver of GPB Capital Holdings to enter into a $67.7 million settlement with investors over the private equity firm's collapse, one day after investors sought approval for separate deals with a Deloitte unit and Morrison Brown Argiz & Farra LLC over those companies' alleged work providing valuation services for GPB.
April 09, 2025
A New York federal judge has approved a plan to distribute up to $400 million to investors defrauded by GPB Capital Holdings, rejecting objections from company insiders who argued the settlement was unfair because they could still face liability, finding that those concerns didn't outweigh the need to compensate defrauded victims.
December 08, 2023
A New York federal judge has adopted a magistrate judge's recommendation to appoint a receiver for GPB Capital Holdings amid a criminal case against its former CEO, agreeing with the U.S. Securities and Exchange Commission that the executive breached a court order by trying to reassert control over the company.
June 13, 2022
The U.S. Securities and Exchange Commission on Monday asked a New York federal judge to appoint a receiver for GPB Capital Holdings amid a criminal case against former CEO David Gentile and others, in light of the executive's alleged attempts to reassert control over the company and its cash.
February 04, 2021
Federal prosecutors unsealed an indictment in a Brooklyn federal court on Thursday charging the CEO of asset manager GPB Capital and two of his associates with running a Ponzi-like $1.8 billion fraud scheme.