GPB Capital Faces Renewed Fraud Claims by a Massachusetts Auto Executive - Wall Street Journal

GPB Capital Holdings LLC faces renewed allegations of fraud by a Massachusetts auto executive whom the alternative asset manager forced from his leadership role earlier this year.

David Rosenberg, the executive, in an updated complaint filed in Norfolk County Superior Court in Massachusetts, claims New York-based GPB engaged in fraudulent activities to finance its acquisitions of auto dealerships, including the Prime Motor Group controlled by his family and which he led. In raising more than $1.5 billion from investors, he...

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November 29, 2019 at 08:00PM
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GPB Capital Faces Renewed Fraud Claims by a Massachusetts Auto Executive - Wall Street Journal
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