Shareholder Lawsuit Brought on Behalf of BGC Partners Shareholders
NEW YORK, April 10, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that a lawsuit has been brought on behalf of shareholders of BGC Partners. The lawsuit alleges that Cantor Fitzgerald, the controlling shareholder of BGCP, has improperly (1) caused BGC to issue to Cantor Fitzgerald a bond offering on terms that are favorable to Cantor Fitzgerald and unfair to BGC; (2) caused BGC to engage in a series of common stock offerings whereby BGC sells millions of its Class A shares to the public at a lower; and (3) caused or allowed to be adopted an amended version of Cantor Fitzgerald's Chairman and CEO's Change-in-Control agreement such that he would receive enormous windfall payments and benefits upon a change in control of BGC.
If you own common stock in BGC since at least March, 2010, and wish to obtain additional information, please contact us at:
SOURCE Tripp Levy PLLC
More by this Source
Shareholder Alert - Shareholder Rights Law Firm Tripp Levy PLLC Encourages Investors Who Have Losses From Investment In Conn's, Inc. To Contact Tripp Levy PLLC Before The May 5, 2014 Deadline
Mar 06, 2014, 10:57 ET
Shareholder Alert - Shareholder Rights Law Firm Tripp Levy PLLC Encourages Investors Who Have Losses From Investment In LifeLock, Inc. To Contact Tripp Levy PLLC Before The May 5, 2014 Deadline
Mar 06, 2014, 08:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.