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Federal Securities Class Action Suit Filed
PR Newswire - Thu Dec 05, 10:55AM CST
Cummins & Brown LLC ("Cummins & Brown") and Strauss Troy Co., LPA ("Strauss Troy") today announced that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of Ohio (the "Court") on behalf of a class including the firms' clients, John Capannari and John A. Anderson. The class is comprised of investors who invested in Defendants' fraudulent investment scheme between January 1, 2002 and July 17, 2013, inclusive (the "Class Period"), and who were damaged thereby. The defendants named are Glen Galemmo, Queen City Investment Fund II, LLC, Queen City Advisors, LLC, Galemmo Investment Group, Queen City Investment Funds, Queen City Investments, Queen City Hedge Fund, AC Power Strategies Fund II, LLC, QC Power Strategies Fund Sweep Account, LLC, QC Power Strategies Fund, LLC, Sentinel Property Holdings, LLC, Glen Rock, LLC, Sentinel Strategy Fund, LLC, QFC, LLC, Midwest Hoops at SportsPlus, LLC, Midwest Hoops Sports Complex, LLC, Cincinnati Royals, Inc., Rugged Power Management LLC, Rugged Power Investments LLC, PSIF LLC, W. Bernard Kyles & Co., Inc., Wiley B. Kyles, and Charles G. Simon, (collectively, "Defendants"). The action, which is captioned John Capannari and John A. Anderson v. Glen Galemmo, et al., 1:13-CV-883, United States District Court, Southern District of Ohio, asserts claims under Sections 11 and 15 of the Securities Act of 1933, 15 U.S.C. 77k and 77o, and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. 78j(b) and 78t(a), and SEC Rule 10b-5 promulgated thereunder, 17 C.F.R. 240.10b-5.