Recent news

New York, NY—November 2, 2017—Prometheum, Inc. announced today an initiative to create the Prometheum Network, an Initial Coin Offering blockchain securities infrastructure for the issuance, trading, settling and clearance of tokenized securities (ICO Tokens), planned from the ground up to be Federal Securities Law compliant. The Prometheum initiative is designed to incorporate the benefits of existing, proven blockchain technologies into the securities landscape while bringing…

Read more

GKN successfully represented Charles Vista LLC, a registered broker dealer, and its owner, Gregg Lorenzo (the “Vista Defendants”) in a securities fraud claims brought pursuant to Section 10(b) and 20(a) of the Securities Exchange Act of 1934. The District Court dismissed the claims against the Vista Defendants on grounds that the Plaintiff failed to adequately plead securities fraud, specifically, that the group pleading doctrine did…

Read more

May 6, 2016: the Court in Anwar v. Fairfield Greenwich Limited, et. al., 09-cv-118 (VM), approved a $55 million settlement with PwC. This settlement increased to over $250 million the aggregate settlement total in the federal lawsuit that was initially filed on January 9, 2009 by Gusrae, Kaplan & Nusbaum Partner David A. Gehn, along with co-counsel, Wolf Popper, against Fairfield Greenwich Limited, the largest…

Read more

Gusrae Kaplan Nusbaum PLLC is pleased to announce and welcome Andrew Wels, the new lead of Gusrae Kaplan’s investment advisor unit. Prior to joining Gusrae Kaplan Andrew served as Assistant General Counsel and Director of Compliance at Cantor Fitzgerald / BGC where he oversaw all legal, regulatory and compliance matters.

Read more