Skip to content

Cantor’s Howard Lutnick Says ‘No Way’ He Acted Improperly in $875 Million Deal

  • Cantor CEO rejects claims he pushed through 2017 Sale to BGC
  • Investors accuse Lutnick of pressuring other BGC directors

Cantor Fitzgerald LP Chief Executive Officer Howard Lutnick strongly denied using threats and intimidation to push through the $875 million sale of a Cantor-owned mortgage lender to another company he controlled.

“No way,” the billionaire said Thursday in Delaware Chancery Court when asked if he acted inappropriately in getting directors at brokerage BGC Partners Inc., where Lutnick was also chairman, to approve its 2017 acquisition of Berkeley Point Financial LLC from a Cantor subsidiary.