Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, October 7, 2026
Courthouse News Service
Wednesday, October 7, 2026 | Back issues
Courthouse News Service Courthouse News Service

Securities Fraud

New York State sued Laurence G. Allen, of Connecticut, CEO and director of ACP Investment Group LLC, NYPPEX Holdings LLC, and other companies, claiming he defrauded investors and “looted ACP of more than $13 million,” in New York County Supreme Court.

MANHATTAN — New York state sued Laurence G. Allen, of Connecticut, CEO and director of ACP Investment Group LLC, NYPPEX Holdings LLC, and other companies, claiming he defrauded investors and “looted ACP of more than $13 million,” in Manhattan Supreme Court.

Categories / Securities

Subscribe to our free newsletters

Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.