Christopher J. Gray, P.C. and its co-counsel for plaintiffs have filed a motion for class certification in the Amaranth commodities manipulation class action case pending in the U.S. District Court for the Southern District of New York. The motion seeks certification of all persons, corporations, and other legal entitied (other than defendants) who purchased or…
Continue reading ›The U.S. District Court for the Southern District of New York (Judge Shira A. Scheindlin) has denied several defendants’ renewed motions to dismiss the commodities manipulation class action complaint against a hedge fund known as Amaranth. The Court has now denied motions to dismiss filed by two of Amaranth’s domestic feeder funds, its master fund…
Continue reading ›Christopher J. Gray, P.C. filed a lawsuit on January 27, 2009 against JPMorgan Chase & Co. on behalf of an investor who incurred substantial losses in his trades in Bear, Stearns options between March 12 and 14, 2008- in the immediate aftermath of statements by the senior management of Bear, Stearns to the effect that…
Continue reading ›Independent financial fraud investigator Harry Markopolos testified before the U.S. Congress yesterday and chronicled the over eight years he spent attempting to inform the Securities and Exchange Commission and other regulators that Bernie Madoff was a fraud. Mr. Markopolos said that he was retained by a client in 1999 to “reverse-engineer” Madoff’s investment portfolio and…
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