The investor rights lawyers at Goldman Scarlato & Penny, P.C. announced the filing of a class action lawsuit on behalf of investors in funds sold by GPB Capital Holdings. The lawsuit was filed against GPB Capital Holdings, the GPB funds (GPB Holdings LP, GPB Holdings II, LP, GPB Automotive Portfolio, LP, GPB Cold Storage, LP), the officers and control persons of GPB (David Genitle, Macrina Kgil, William Jacoby, Scott Naugle, Jeffry Scheider) and the underwriters of the funds’ offerings (Ascendant Alternative Strategies, Ascendant Capital LLC, and Axiom Capital Management).
The class action lawsuit was filed by the investor rights lawyers at Goldman Scarlato & Penny, Jeffrey Kaplan of Dimond Kaplan & Rothstein, PA and Brian Levin of Levin Law, PA., and seeks to recover investor losses.
The lawsuit alleges that the GPB defendants raised over $1.3 bilion for the GPB Investment Programs though a series of false and misleading statements. It further alleges that the GPB defendants breached their duties to investors by failing to safeguard and properly invest investor money after the sale.
Investor who believe they are victims of alleged fraudulent investment scheme are encouraged to visit our GPB Capital Investor Center for more case updates.
The Goldman Scarlato & Penny PC law firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
If you invested in GPB Capital Holdings alleged scheme and want to learn more about your options, don’t hesitate to contact us for a free no-obligation evaluation at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.