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This site provides news and information about the False Claims Act qui tam whistleblower law, the Tax Whistleblower law and the Securities and Commodities Whistleblower law. On this site you can learn the basics of each law and the process of bringing a case as well as read about the latest developments.

Getnick & Getnick LLP is a Manhattan-based law firm dedicated to business integrity and anti-fraud cases. Our whistleblower cases have resulted in recoveries of over a billion dollars for U.S. taxpayers.
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Friday, March 31, 2006

NY Judge rules Against Gabelli in Investor Suit

A New York State judge has ruled in favor of two investors who accuse famed money manager Mario Gabelli with enriching himself at their expense, according to a Reuters report in today’s New York Times.

In a lawsuit filed more than two years ago, plaintiffs Frederick Mancheski, a former auto parts executive, and David Perlmutter, a lawyer who worked for Gabelli in the past, demand the dissolution of Gabelli Group Capital Partners Inc., a Gabelli-controlled company. The plaintiffs would also like to sell their stake in GGCP, as the company is formally called, and were seeking a statement that says their shares can freely be traded and are not in fact restricted, as the company claims.

New York Supreme Court Judge Linda Jamieson said in a decision granting summary judgment to the plaintiffs on Thursday that none of the their shares in Gabelli are ``subject to the restriction specifically claimed by the defendant.’’ Click the following link for the full story in nytimes.com.


Posted by Quitam Help Admin on 03/31 at 11:52 AM
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