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Below is the first part of an article by Amber Hunt from News.cincinnati.com It reads…

A longtime Cincinnati money manager already targeted in several civil suits is also being sued in federal court on allegations he bilked about 200 investors out of more than $50 million.

The class-action suit, filed Tuesday in U.S. District Court in downtown Cincinnati, likely will slow the progress of the already-complex civil suits that began this summer. Like the earlier suits, the latest filing targets not only Glen Galemmo, but his wife, Kristine Galemmo; alleged business partners Edward C. Blackledge and Wiley B. Kyles; and a slew of limited liability corporations that Galemmo formed.

Source: http://news.cincinnati.com/article/20131203/NEWS/312030093/Class-action-suit-seeks-50M-from-hedge-fund-s-money-manager?nclick_check=1

 

Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo TwitterMarc Primo MantaMarc Primo FacebookMarc Primo Squarespace, Marc Primo Pulisci Dot ComMarc Primo Dot Com

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