Controversy
In March 2006, a judge determined Mario Gabelli had unfairly prevented a long time investment partner and Gabelli's former lawyer Mancheski and Perlmutter from selling their shares in Gabelli Group Capital Partners. In the settlement Gabelli paid the couple $100 million that would amount to a total of 2.1 million Gamco shares, currently worth about $80 million, and more than $20 million in cash.
Read more about this topic: GAMCO Investors
Famous quotes containing the word controversy:
“Ours was a highly activist administration, with a lot of controversy involved ... but I’m not sure that it would be inconsistent with my own political nature to do it differently if I had it to do all over again.”
—Jimmy Carter (James Earl Carter, Jr.)
“And therefore, as when there is a controversy in an account, the parties must by their own accord, set up for right Reason, the Reason of some Arbitrator, or Judge, to whose sentence, they will both stand, or their controversy must either come to blows, or be undecided, for want of a right Reason constituted by Nature; so is it also in all debates of what kind soever.”
—Thomas Hobbes (1579–1688)