201909.25
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Lawyers predict ‘avalanche’ of investor complaints about Prime group’s owner

GPB Capital Holdings | Portland Press Herald | J. Craig Anderson | September 25, 2019 Two law firms allege investment brokers pushed unsuitably risky investments in GPB Capital Holdings on retirees and other unsophisticated investors, including those in Maine and New England. A group of lawyers claims Saco-based Prime Automotive Group’s majority owner, New York…

201909.24
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Chicago Heating Company Faces New BIPA Lawsuit

BIPA lawsuit | FindBiometrics | September 19, 2019 Another business may have run afoul of the Illinois Biometric Information Privacy Act (BIPA). Kevin Truss has filed a class action lawsuit against Four Seasons Heating & Air Conditioning Inc., alleging that the Chicago-based company violated the law when it forced him to scan his biometric information…

201909.19
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Peiffer Wolf & Meyer Wilson: First in Expected “Avalanche” of Retiree Arbitration Cases Filed in GPB Capital Holdings Scandal

GPB Capital Holdings Scandal | Business Wire | September 18, 2019 02:03 PM EDT Peiffer Wolf and Meyer Wilson File Complaints on Behalf of 91-Year-Old Florida Widow and Retired Russian Emigre Couple in Oregon; Scores of Financial Advisors and Brokerages Face Heat on $160 Million in Commissions on Unsuitable Investments. NEW YORK–(BUSINESS WIRE)–The beleaguered GPB…

201909.19
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With lawsuit pending, Prime Automotive Group fires David Rosenberg

GPB Auto | Portland Press Herald | J. Craig Anderson | September 18, 2019 Rosenberg accused the company’s largest investor of financial misconduct in a lawsuit he filed in July. After accusing his largest investor of financial misconduct, David Rosenberg has been fired as chief executive of Prime Automotive Group, a company built by Rosenberg…

201909.19
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Latest GPB Lawsuits Show How Widespread the Problem Is

GPB Lawsuits | WealthManagement.com | Diana Britton | Sep 18, 2019 Two investors go after their brokers and firms, but this is likely just the beginning of a wave of litigation to come. Two investors have filed separate arbitration claims against brokerages and advisors who invested their money in GPB Capital, a problematic private placement…

201909.19
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Peiffer Wolf & Meyer Wilson: First in Expected “Avalanche” of Retiree Arbitration Cases Filed in GPB Capital Holdings Scandal

GPB Lawsuit | Benzinga | September 18, 2019 2:03pm Peiffer Wolf and Meyer Wilson File Complaints on Behalf of 91-Year-Old Florida Widow and Retired Russian Emigre Couple in Oregon; Scores of Financial Advisors and Brokerages Face Heat on $160 Million in Commissions on Unsuitable Investments. The beleaguered GPB Capital Holdings is dealing right now with…

201909.18
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News Conference Audio-FIRST IN EXPECTED “AVALANCHE” OF RETIREE ARBITRATION CASES FILED IN GPB CAPITAL HOLDINGS SCANDAL

NEW YORK CITY — September 18, 2019 — The beleaguered GPB Capital Holdings is dealing right now with scrutiny from the Securities Exchange Commission, state regulators, and the FBI.  Today, the estimated 60 brokerages and financial planning firms nationwide that profited from “commission grabs” start to feel the heat with new arbitration cases filed by…

201909.18
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Prime Auto CEO Rosenberg abruptly exits amid lawsuit

GPB – David Rosenberg | Boston Business Journal | Hilary Burns | Sep 18, 2019, 5:17am EDT David Rosenberg, longtime CEO of Prime Automotive Group, left the company abruptly on Monday, two months after accusing the investment firm that owns his company of financial misconduct. GPB Capital Holdings in New York named a new interim…