Gross v. GFI Grp., Inc.

WILLIAM H. PAULEY III, Senior United States District Judge:

GFI Group, Inc. ("GFI"), Colin Heffron, and Michael Gooch (collectively, "Defendants") move for summary judgment dismissing this securities class action. Defendants argue that Plaintiffs fail to establish triable issues of fact on falsity, scienter, reliance, and loss causation. Defendants' motion for summary judgment is granted.

BACKGROUND

Benjamin Gross filed this action on behalf of a class of investors who sold GFI stock between July 30, 2014 and September 9, 2014 ("Plaintiffs"). At the time of the events giving rise to this…