Pension fund says FL Panthers owner Viola used control of Virtu to siphon hundreds of millions of dollars away from public investors
By Dan Christensen, FloridaBulldog.org
The billionaire owner of the Florida Panthers hockey team, Vincent Viola, is at the center of a Delaware lawsuit that alleges he’s used his control of a large publicly traded financial services company to improperly divert hundreds of millions of dollars to himself, his family and his cronies.
The suit asks a judge to force the company, Virtu Financial Inc., to produce its books and records for inspection by the plaintiff – the pension fund of Toledo, Ohio’s Iron Workers Local No. 55 – which suspects it’s been cheated.
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