Investment Loss Recovery Attorneys

Are You A  GPB Capital Fund Investor Still Struggling With Investment Losses?

There Is Still Time To Pursue Damages For Broker-Dealer Negligence

A judge has appointed a receiver to liquidate GPB Capital Holdings. The person who has been assigned that role is Joseph Gardemal of Alvarez & Marsal, who has been serving as the court-appointed monitor of GPB Capital Holdings since 2021. In a letter to GPB Fund investors, Gardemal said that he will submit a plan to the U.S. District Court for the Eastern District of New York by January 22, 2024, and he intends to start distributing assets as soon as he can after the plan is approved.

For the 17,000 retail investors who placed their money in a GPB private placement, only to see their assets frozen in the wake of fraud charges accusing GPB Capital and its executives of running a $1.7B Ponzi scam, this is news that they have been waiting to hear. However, this type of proceeding can be a long and arduous process. It also remains unclear how much money there is left and what, if anything, investors will get back. The same can be said for all of the class action litigation and regulatory lawsuits that have been filed against GPB in terms of investors’ chances for full financial recovery.

What you can do—and there is still time—is to determine whether you have grounds for pursuing damages from your financial advisor and /or their broker-dealer.

The Shepherd Smith Edwards and Kantas Investment Loss Recovery Attorneys (investorlawyers.com) are representing GPB investors in their investment loss recovery claims against broker-dealers. We are also continuing to offer free, no-obligation case assessments to those who have yet to explore their legal options for whether they have grounds for suing their financial advisors for unsuitable investment recommendations, misrepresentations, omissions, concentration, due diligence failures, Regulation D best interest violations, and more.

The GPB Funds: 

GPB Holdings

GPB Holdings II

GPB Holdings III

GPB Holdings Qualified

GPB Automotive Portfolio

GPB NYC Development

GPB Cold Storage

GPB 5

GPB 6

GPB Cars 12

Armada Waste Management (formerly GPB Waste Management)

Why You Need To Work With Knowledgeable GPB Investment Loss Recovery Attorneys

Pursuing damages from a broker-dealer is never easy and it is not something you should try to do on your own or without a seasoned securities law firm representing you. Because we now have a unit of GPB private placement lawsuits that we are handling, Shepherd Smith Edwards and Kantas Investment Loss Recovery Attorneys have an in-depth knowledge of how these Funds failed and why brokerage firms should be held liable. Unfortunately, many financial advisors opted to get paid high commissions rather than conducting the necessary due diligence to make sure these investments were legitimate.

 

Should we agree to work together, you can trust that we will provide you with quality securities law representation. Over the years, we have worked with investors in over 1000 matters in arbitration, mediation, and litigation. We also have collectively recovered many millions of dollars for thousands of investors.

How To Contact Us To Discuss Your GPB Investment Loss Recovery

Call (800) 259-901o today or fill out our online contact form.