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If you purchased shares of GEROVA Financial Group, Ltd. (NYSE:GFC), and/or if you have any information relating the investigation including former employees and /or whistleblowers, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
After the New York Stock Exchange announced a trading halt in Gerova Financial securities an investigation on behalf of investors of GEROVA Financial Group, Ltd. (NYSE:GFC) over possible violations of Federal Securities Laws was announced.
The investigation by a law firm concerns whether certain statements issued by GEROVA Financial Group, Ltd. between January 7, 2010 and February 23, 2011 regarding its business, operations and financial condition were potentially false and misleading.
On Feb 10, 2011, GEROVA Financial Group announced a reorganization of its board of directors and the management of Gerova Financial Group. It said it also accepted the resignation of four of the members of its board of directors, its Chairman and President.
On February 23, 2011, the New York Stock Exchange (NYSE) announced in a press release that it has suspended trading in GEROVA Financial Group, Ltd. securities following recent events at and public disclosures by the Company, and that the NYSE is evaluating both the need for further disclosure, as well as the overall suitability for continued listing of the Companys securities. Shares of GEROVA Financial Group, Ltd. (NYSE: GFC) traded during December 2010 as high as $30 per share and fell until February 23 to $5.28 per share when the NYSE halted trading for GFC shares.
