An investigation for investors in GPB Capital Holdings, LLC over potential securities laws violations by GPB Capital Holdings, LLC.
San Diego, CA -- (SBWIRE) -- 08/21/2019 -- An investigation was announced for investors of GPB Capital Holdings, LLC over potential securities laws violations by GPB Capital Holdings, LLC and its limited partnership funds, in connection with certain financial statements.
Investors of GPB Capital Holdings, LLC have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by GPB Capital Holdings, LLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
GPB Capital is a New York-based alternative asset management firm that seeks to acquire income-producing private companies. GPB Capital Holdings, LLC describes itself as a "New York-based alternative asset management firm that seeks to acquire income-producing private companies." GPB Capital Holdings, LLC raised more than $1.5 billion in capital held in private limited partnerships that invest primarily in auto dealerships and waste management businesses. Interests in GPB funds were sold through independent broker-dealer.
In November 2018 GPB Capital Holdings, LLC disclosed that its auditor, Crowe LLP, had resigned. The auditor allegedly refused to provide a clean audit opinion due to undisclosed related-party transactions and other irregularities uncovered in the Company's books and records.
GPB Capital is the subject of investigations by the SEC, the FBI, the Financial Regulatory Authority ("FINRA"), and Massachusetts and New York regulators.
On June 21, 2019, GPB Capital Holdings, LLC reported significant losses in the value of GPB Holdings II and GPB Automotive Portfolio, which declined more than 25% and 39%, respectively. GPB Capital Holdings, LLC's other funds reported declines in estimated value ranging from 25% to 73%.
Investors of GPB Capital Holdings, LLC have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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