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Date: 9/18/2001 1:34:47 PM Eastern Daylight Time
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Cantor Fitzgerald battle spills over into courts
The Investment Dealers' Digest : IDD
New York
Apr 15, 1996
Authors: Willoughby, Jack
Volume: 62
Issue: 16
Start Page:
ISSN: 00210080
Subject Terms: Succession planning
Powers of attorney
Investment companies
Corporate governance
Classification Codes: 9190: US
8130: Investment services
2110: Boards of directors
Geographic Names: US
Abstract:
The battle for control of Cantor Fitzgerald turned ugly last week, as two
groups accused each other of fraud and interference. The contest now appears
headed for a May 6, 1996 court appearance to establish who is really in
charge of the country's largest inter-dealer brokerage firm. The fight
for control is between Iris Cantor, wife of founder G. Bernard Cantor,
and his hand-picked successor, Howard Lutnick, who triggered succession
clauses in the firm's partnership agreement after Iris Cantor obtained
power of attorney rights over her husband's estate after her husband fell
gravely ill.
Copyright Investment Dealers' Digest, Inc. Apr 15, 1996
Full Text:
The contest for control of Cantor Fitzgerald turned nasty last week, with
two groups accusing each other of fraud and interference. The battle, which
had been kept under a tight lid of secrecy, now appears headed for a court
appearance, May 6, to establish once and for all who is really in charge
of the country's largest inter-dealer brokerage firm.
Tuadry. September 15, 2001 Amerce Online: RG1b page: I
NYC-WTC 000136335
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