Gross v. GFI Group, Inc. et al
||GFI Group, Inc., Colin Heffron, Michael Gooch and Nick Brown
||November 26, 2014
||US District Court for the Southern District of New York
||Foley Square Office
||William H. Pauley
|Nature of Suit:
|Cause of Action:
||15 U.S.C. § 78
|Jury Demanded By:
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|April 20, 2018
OPINION & ORDER re: 115 MOTION for Summary Judgment filed by GFI Group, Inc: For the foregoing reasons, Defendants' motion for summary judgment is granted. The Clerk of Court is directed to terminate all pending motions and mark this case as closed. (Signed by Judge William H. Pauley, III on 4/20/2018) (jwh)
|August 23, 2017
OPINION & ORDER re: 80 MOTION to Certify Class and Appointment of Class Representative and Class Counsel filed by Benjamin Gross: Plaintiff Benjamin Gross brings this securities class action on behalf of himself and similarly situat ed holders of Defendant GFI Group, Inc. ("GFI") stock, alleging that GFI board members made material misstatements about the benefits of a proposed merger that GFI's shareholders later rejected. Gross moves to certify a class of " all individuals and entities who sold shares of GFI common stock between July 30, 2014 and September 8, 2014." GFI opposes certification solely on the grounds that Gross is an inadequate class representative under Federal Rule of Civil Procedure 23(a)(4) because Jack Zwick, co-lead counsel for the putative class, is Gross's brother-in-law and close personal friend. For the foregoing reasons, Gross has satisfied the requirements of FRCP 23 and the putative class of "all individuals and entities who sold shares of GFI common stock between July 30, 2014 and September 8, 2014, both dates inclusive, and who were damaged thereby" is certified and Gross is appointed as class representative. The Clerk of Court is directed to terminate the motion pending at ECF No. 80. (Signed by Judge William H. Pauley, III on 8/23/2017) (jwh)
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