EF Hutton’s Ousted CEO Fires Back, Alleging Unlawful ‘Coup’

October 1, 2024 by Dinah Wisenberg Brin

An emotionally charged dispute between investment bank EF Hutton’s co-founders, marked by charges of substance abuse and corporate wrongdoing, has spilled into a second lawsuit.

Fired EF Hutton CEO Joseph T. Rallo, accused in a recent lawsuit of stealing millions from the firm by faking expense reports, has now filed a complaint himself, contending the investment bank’s current CEO and general counsel unlawfully ousted him in a “coup d’etat.”

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Originally Posted at Think Advisor on September 24, 2024 by Dinah Wisenberg Brin.