GPB | Automotive News | Melissa Burden | May 26, 2020 Toyota is demanding GPB Capital Holdings, the majority owner of Prime Automotive Group, sell all five of the retailer's Toyota dealerships. The ownership of Prime's three Volkswagen stores also is being debated in federal court. Toyota Motor Sales...
GPB | Investment News | Bruce Kelly | May 11, 2020 Astronomical fees and undisclosed conflicts of interest undermined investors in GPB Capital private placements from the start, according to an amended prospective class action lawsuit filed last week in federal court in Austin, Texas. Launched in 2013, GPB...
GPB | Portland Press Herald | Edward D. Murphy | May 11, 2020 "Toyota is stepping up a previous threat to terminate its business agreement with a Saco auto dealership’s owner and giving it an ultimatum to rehire an ousted former chief executive or hire a new...
GPB Capital news | Law 360 | Al Barbarino | April 30, 2020 Law360 (April 30, 2020, 9:28 PM EDT) -- A New York federal judge has postponed the trial of a former U.S. Securities and Exchange Commission compliance examiner accused of breaching classified government computer networks...
Auditors | Investment News | Bruce Kelly | March 13, 2020 Auditors should get back to work around the start of April Beleaguered investors who bought private placements managed by GPB Capital Holdings may be on track to get some clarity into the value of those funds. On Thursday, the...
Triad Advisors | Investment News | Bruce Kelly | March 11, 2020 "Legal woes are increasing for at least one broker-dealer that sold GPB Capital Holdings’ private placements. Triad Advisors is facing nine investor lawsuits alleging negligence on behalf of its advisers and representatives for selling the private investments,...
GPB | Tamba Bay Times | Tracey McManus | March 11, 2020 GPB: Ponzi scheme and connections to a Russian crime figure allegations CLEARWATER — The office in downtown’s One Clearwater Tower is nondescript, with a single door on the eighth floor, two stories above the temporary City Hall. But...
Volkswagen | Investment News | Bruce Kelly | February 19, 2020 Volkswagen filed an amended complaint against GPB Capital GPB Capital Holdings, which raised $1.5 billion from investors through the sale of high-commission, high-risk private placements, is involved in yet another legal dispute, this time with automobile giant Volkswagen...
GPB | Investment News | Bruce Kelly | February 10, 2020 "In yet another troubling development for investors in GPB Capital Holdings’ private placements, the company told investors last month that it won’t be able to provide important tax documents, at least by April 15, to at least...
Prime Automotive | Portland Press Herald | J. Craig Anderson | January 8, 2020 A new chapter in GPB Capital's Prime Automotive Group complicated story has just started. In August 2019, its CEO, David Rosenberg, accused the parent company of running a Ponzi scheme. He was quickly replaced by...