PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Legal Issues  | Legal Issues

Shareholder Lawsuit Brought on Behalf of BGC Partners Shareholders

Share with Twitter Share with LinkedIn

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:

Tripp Levy PLLC
Toll free: 877-772-3975
Email:  contact@tripplevy.com
www.tripplevy.com  

SOURCE Tripp Levy PLLC



RELATED LINKS
http://www.tripplevy.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 
Area to test

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release