Mario Gabelli

Frederick Mancheski and David Perlmutter filed a lawsuit against the money manager for allegedly breaching his fiduciary duty regarding mutual funds. The lawsuit claimed Gabelli prevented the men from selling their stake in his private company, Gabelli Group Capital Partners, at fair market value. Mancheski and Perlmutter are set to receive a cash compensation of $20 million in addition to 2.1 million Gamco shares worth about $80 million, which would correspond with their stake in Gabelli Group Capital Partners. (May-05-06) [NEW YORK TIMES]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.