New York District Court Preliminarily Approves $1.37 Million Settlement of Gerova Class Action

March 18, 2014

On February 6, 2014, the District Court for the Southern District of New York preliminarily approved a settlement of the claims of all purchasers of the securities of Gerova Financial Group, Ltd. between January 8, 2010, and February 23, 2011, against the defendants in exchange for a payment of $1,372,000.

On March 18, 2014, Wohl & Fruchter LLP and its co-counsel published notice of the settlement, and the date of the court hearing to approve the settlement, i.e., June 9, 2014, at 4:30 PM, at the courthouse for the New York District Court at 500 Pearl Street, New York, NY 10007.

Click here to read more about this litigation.