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A Rocket Companies’ investor filed a stockholder derivative complaint on Monday that accuses Dan Gilbert of using non-public information to sell stock and avoid material losses.
From Crain's Detroit Business: The Detroit police and fire pension fund says it did not mean to sue Rocket Companies Inc. chairman Dan Gilbert and that the fund's inclusion in the lawsuit filing stemmed from 'miscommunication.' The civil lawsuit against Detroit real estate mogul Gilbert, owner of the Cleveland Cavaliers, and his Rock Holdings Inc. alleged they traded on insider information in a $500 million stock sale.
The Detroit police and fire pension fund says it did not mean to sue Rocket Companies Inc. chairman Dan Gilbert and that the fund's inclusion in the lawsuit filing stemmed from "miscommunication." The civil lawsuit against Detroit real estate mogul Gilbert and his Rock Holdings Inc. alleged they…
The Detroit police and fire pension fund is suing Rocket Companies Inc. chairman and real estate mogul Dan Gilbert in Delaware, alleging he traded on insider information in a $500 million stock sale. The civil lawsuit filed Nov. 23 and partially unsealed publicly Friday against Gilbert and Rock…
From Crain's Detroit Business: The Detroit police and fire pension fund is suing Rocket Cos. chairman, real estate mogul and Cleveland Cavaliers owner Dan Gilbert in Delaware, alleging he traded on insider information. The civil suit filed Nov. 23 and partially unsealed publicly Friday, Dec. 3, against Gilbert and Rock Holdings Inc. is a derivative suit, meaning it's being brought by a shareholder on behalf of the company.