SOURCE: Rosen Law Firm, P.A.

Rosen Law Firm, P.A.

March 25, 2011 23:45 ET

The Rosen Law Firm Files Class Action Lawsuit on Behalf of Stillwater Funds' Investors Seeking to Recover Investment Losses -- GFC

NEW YORK, NY--(Marketwire - March 25, 2011) - The Rosen Law Firm, P.A. has filed a class action lawsuit on behalf of investors who exchanged their Stillwater Funds investments for shares of Gerova Financial Group (NYSE: GFC) in a share exchange transaction on January 20, 2010 (the "Share Exchange"). 

The lawsuit alleges violations of the federal securities laws and breaches of fiduciary duty against Stillwater Capital Partners, Gerova Financial Group and certain of their current and former officers and directors for failing to disclose material adverse facts, including related party transactions, in connection with the Share Exchange, resulting in substantial losses for Stillwater Funds' investors.

If you exchanged your investment in any of the Stillwater Funds for Gerova stock you may participate in the class action at no out-of-pocket cost to you. 

For further information, please contact Laurence Rosen, Esq., or Jonathan Horne, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or jhorne@rosenlegal.com.

The Stillwater Funds included in the class action are:

  • Stillwater Asset Backed Fund, , LP,
  • Stillwater Asset Backed Fund II, LP, a Delaware Partnership
  • Stillwater Real Estate Fund, LP, a Delaware Partnership
  • Stillwater WPB Venture Partners, LP, a Delaware Partnership
  • Stillwater WPB Venture Partners II, LP, a Delaware Partnership
  • Stillwater Market Neutral Fund, LP, a Delaware Partnership
  • Stillwater Market Neutral Fund II, LP, a Delaware Partnership
  • Stillwater Market Neutral Fund III, a Cayman Islands exempted company
  • Stillwater Matrix Fund, LP, a Delaware Partnership
  • Stillwater Loan Opportunities Fund LLC, a Delaware Partnership
  • Stillwater Loan Opportunities Fund SPC, a Cayman Islands exempted company
  • Stillwater Asset-Backed Offshore Fund, a Cayman Islands exempted company
  • Stillwater Asset-Backed Fund SPV, A Cayman Islands exempted company
  • Stillwater Asset-Backed Fund II Onshore SPV, a Cayman Islands exempted company
  • Stillwater Trade Capital, LLC

The lawsuit is pending in the U.S. District Court for the Eastern District of New York. If you wish to serve as lead plaintiff, you must move the Court no later than May 24, 2011. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder litigation.

Contact Information

  • Contact Information:

    Laurence Rosen, Esq.
    Jonathan Horne, Esq.
    The Rosen Law Firm P.A.
    275 Madison Avenue 34th Floor
    New York, New York 10016
    Tel: (212) 686-1060
    Weekends Tel: (917) 797-4425
    Toll Free: 1-866-767-3653
    Fax: (212) 202-3827
    Email Contact
    Email Contact
    www.rosenlegal.com