Fighting Investor Fraud and Corporate Greed Since 2004
Since 2004, the Law Office of Christopher J. Gray, P.C. has represented investors
and other people and businesses harmed by financial fraud, corporate greed, and
other unlawful conduct. The Firm has represented the plaintiffs in numerous cases
alleging violation of the securities and commodities laws, as well as in cases alleging
price-fixing in violation of the antitrust laws and employers' failure to pay wages
earned by their workers as required by law.
Christopher J. Gray, the principal of the Firm, has spent most of his last ten years
in law practice representing individuals and small businesses in complex litigation,
class actions, and trials and appeals in state and federal court. Mr. Gray currently
represents the plaintiffs in a class action for unpaid overtime against a major
financial firm that has been settled for over $20 million, subject to final judicial
approval of the settlement terms. In 2006-07, Mr. Gray served as court-appointed
Lead Counsel in a class action in the Supreme Court of the State of New York, in
which the plaintiff obtained class certification and secured a substantial recovery
for a class of shareholders of a former Nasdaq-listed corporation.1
With his former firm, Mr. Gray represented the plaintiffs in a class action in which
plaintiffs obtained reportedly the largest recovery ever under the Commodities Exchange
Act, $145.35 million 2. In 2002, Mr. Gray obtained
a $1.01 million jury verdict in an action under Section 10(b) of the Securities
Exchange Act of 1934. (Herbert Black v. Finantra Capital, Inc., S.D.N.Y. Docket
No. 02-CV-6819 (JSR)). In 2002, Mr. Gray investigated and filed the first class
action complaint alleging accounting fraud against WorldCom. (Albert Fadem Trust
v. Worldcom, Inc., S.D.N.Y. Docket No. 02-CV-3288 (DLC) (alleging massive accounting
fraud in April 2002, some two month before Worldcom's fraud was "revealed"). Mr.
Gray also investigated, filed and argued procedural motions in In re Avista Corp.
Sec. Litig.,?U.S. District Court for the Eastern District of Washington Docket No.
02-CV-328 (FVS), a securities class action that was later settled for over $9 million.
The Firm currently represents the plaintiffs in class actions under the Commodities
Exchange Act, the federal antitrust laws, and the Fair Labor Standards Act. The
Firm also maintains a substantial practice representing investors in arbitration
proceedings before the Financial Industry Regulatory Authority ("FINRA", formerly
the National Association of Securities Dealers) and the National Futures Association.
In 2008 alone, Mr. Gray obtained two arbitration awards at trial for investors in
which the sums awarded substantially exceeded the investors' actual losses in the
accounts with the brokerage firms. See, e.g., Meier v. U.S. Financial Group, Inc.,
National Futures Association Arbitration No. 07-01185 (awarding investor defrauded
by "churning" and excessive commissions a refund of all of his losses, plus additional
punitive damages, jointly and severally against introducing brokerage firm and its
employees and owners).
Christopher J. Gray was admitted to the bar in New York in 1997 and is a member
of the bars of the U.S. District Courts for the Eastern and Southern Districts of
New York, the U.S. District Court for the Eastern District of Texas, the U.S. District
Court for the Northern District of Ohio, the U.S. Court of Appeals for the Second
Circuit and the U.S. Supreme Court. Mr. Gray is a member of the New York State Trial
Lawyers Association, the New York State Academy of Trial Lawyers, the Association
of Trial Lawyers of America, the Association of the Bar of the City of New York,
and the Public Investors Arbitration Bar Association (in which he serves on the
Legislation and Self-Regulatory Organization Committee).
Mr. Gray holds a J.D. degree from Georgetown and a B.A. from the University of Wisconsin.
Mr. Gray is married with two young daughters and resides in Greenwich, Connecticut.
1The class included shareholders who were involuntarily cashed out of
the stock of Niagara Corp. pursuant to a reverse stock split. (Spring Partners,
LLC v. Scharf, Docket No. 601004/05). Minority shareholders who were cashed out
at $8.47 a share (where management later sold the company for $16.00 a share in
a going private transaction) who submitted proofs of claim to the settlement claims
administrator received over $10.00 a share in additional consideration in connection
with the settlement.
2See In re Sumitomo Copper Litig., 194 F.R.D. 480 (S.D.N.Y. 2000) (Pollack,
J.) (certifying non-continuous class period of over two years).
To see if you may have a case to recover your financial losses, call or e-mail Christopher
J. Gray, P.C. for a confidential, no-cost consultation:
newcases@investorlawyers.net (212) 838-3221 or toll free (866) 966-9598