Christopher J. Gray, P.C., along with co-counsel, has filed a putative class action alleging the hedge fund Moore Capital violated the antitrust laws by manipulating the prices of palladium and platinum via a scheme of orchestrated trading during the last few minutes before the expiration of certain futures contracts traded on the New York Mercantile…
Continue reading ›Christopher J. Gray, P.C. and its co-counsel have filed a petition for certiorari with the U.S. Supreme Court seeking review of the dismissal of the complaint in an action alleging that the major underwriters of title insurance conspired to fix the premiums for title insurance at an artificially high level. The U.S. District Court for…
Continue reading ›Christopher J. Gray. P.C. and its co-counsel filed a Second Amended Complaint on March 31, 2010 containing substantial new allegations concerning Bank of America’s alleged knowledge of and substantial assistance provided to the now-defunct Ponzi scheme operation known as Agape World. The Second Amended Complaint alleges, among other things, that Bank of America ignored the…
Continue reading ›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 ›Chistopher J. Gray. P.C. and its co-counsel filed an Amended Complaint in the consolidated class action lawsuit against, among others, Bank of America and certain commodities Futures Commission Merchants alleging aiding and abetting commodities fraud in connection with a fraudulent “Ponzi” scheme known as Agape operated by a man named Nicholas Cosmo (who has also…
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 and his co-counsel, Louis F. Burke and Benjamin L. Del Vento, have filed a class action case against Nicholas Cosmo, an alleged Ponzi scheme promoter, as well as Bank of America and several commodities brokerages that carried accounts to which Cosmo allegedly diverted investor funds. The class action complaint alleges that starting…
Continue reading ›Merrill Lynch & Co. must pay an investor $39.8 million in compensatory damages because of negligence on the part of one a subsidiary broker-dealer, an Albany, New York FINRA arbitration panel has ruled. The FINRA panel issued the award to Trustees of the Masonic Hall & Asylum Fund, which is an endowment for an Utica…
Continue reading ›The antitrust class action filed by Christopher J. Gray, P.C. and several other firms in the U.S. District Court for the Eastern District of Texas (Winn v. Alamo Title Insurance Co., et al.) alleging price-fixing in the market for title insurance has been transferred to the U.S. District Court for the Western District of Texas…
Continue reading ›Christopher J. Gray today argued before a panel of the U.S. Court of Appeals for the Second Circuit seeking reversal of an order granting dismissal of class action claims against Morgan Stanley arising out of Morgan Stanley’s alleged conceealment of, misrepresentations concerning the existence of, and destruction of, e-mail evidence. The three-judge panel reserved decision,…
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