Cromer Finance Ltd. v. Berger
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
COTE, District Judge.
The plaintiffs in this federal securities fraud action have moved to certify as a class certain investors in the Manhattan Investment Fund, Ltd. (the “Fund”). The Fund was an offshore investment fund operated from New York by defendant Michael Berger (“Berger”). The plaintiffs allege that the class lost hundreds of millions of dollars over the course of several years due to the scheme Berger concocted. Instead of accurately reporting the Fund’s losses, the plaintiffs allege that Berger manufactured false statements showing the Fund to be profitable. It is…
2Cases cited61 opinions
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- Central Bank of Denver, N. A. v. First Interstate Bank of Denver, N. A.Supreme Court of the United States · 1994
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