Detroit pension fund sues Dan Gilbert over $500 million stock sale
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.