On August 6th, the United States District Court for the Northern District of New York granted a motion to appoint Steven Amerio and Andrew Goldberg as co-lead Plaintiffs, and, to appoint Wilentz, Goldman & Spitzer, P.A. and the Cherundolo Law Firm, PLLC as co-lead counsel in a proposed class action arising out of an alleged Ponzi scheme that targeted more than 100 investors.
As co-lead Plaintiffs, Amerio and Goldberg will represent the interests of all persons and entities who purchased securities sold by or through Gregory W. Gray, Jr. Gregory P. Edwards, Archipel Capital LLC, and/or their affiliates during the time period of May, 2011 through July 30, 2014, seeking to recover damages on behalf of all purchasers of securities during the Class Period pursuant to the Securities and Exchange Act of 1934, Federal and New York State statutory law, and common law.
The case Goldberg v. Gregory W. Gray et al. is pending before the United States District Court for the Northern District of New York.