{"id":19485,"date":"2021-02-04T03:27:31","date_gmt":"2021-02-04T09:27:31","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19485"},"modified":"2021-02-03T12:28:00","modified_gmt":"2021-02-03T18:28:00","slug":"gpb-capital-prime-automotive-group-lawsuit-update","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gpb-capital-prime-automotive-group-lawsuit-update\/","title":{"rendered":"Ex- CEO\u2019s Lawsuit Against GPB Capital Holdings\u2019 Prime Automotive Group May Proceed"},"content":{"rendered":"

Ex-Prime Automotive Group CEO Accused Alternative Asset Firm of Running Massive Ponzi Scam\u00a0<\/span><\/h2>\n

A Massachusetts Superior Court judge says the majority of the lawsuit filed by former Prime Automotive Group CEO, David Rosenberg, can move forward. Rosenberg, in his complaint, claims that he was fired and retaliated against after he accused the parent company, <\/span>GPB Capital Holdings<\/span><\/a>, of financial misconduct.\u00a0<\/span><\/p>\n

The alternative asset firm is under investigation over allegations that it ran an over $1.5B Ponzi scam that defrauded thousands of investors. Its many GPB funds have dropped significantly in value and investor redemptions were suspended more than two years ago.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Ex-Prime Automotive Group CEO Accused Alternative Asset Firm of Running Massive Ponzi Scam\u00a0 A Massachusetts Superior Court judge says the majority of the lawsuit filed by former Prime Automotive Group CEO, David Rosenberg, can move forward. Rosenberg, in his complaint, claims that he was fired and retaliated against after he accused the parent company, GPB […]<\/p>\n","protected":false},"author":2,"featured_media":19486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4102],"tags":[4234,4160,3103,4513],"class_list":["post-19485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-gpb-capital","tag-david-rosenberg","tag-gpb-automotive","tag-gpb-capital","tag-gpb-lawsuit"],"yoast_head":"\nGPB Captial Prime Automotive Group Lawsuit May Proceed | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"David Rosenberg\u2019s lawsuit against GPB Capital\u2019s Prime Automotive Group may proceed following acceptance by a Superior Court judge.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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