Lawsuit pits 2 Gumbergs against brother
A feud splitting one of Pittsburgh’s best-known real estate families went public this week as Andrew and Lawrence Gumberg filed a lawsuit accusing their older brother Ira of misappropriating millions from joint holdings worth $500 million.
The two younger Gumbergs claim Ira Gumberg and Braddock Hills-based J.J. Gumberg Co., a company founded by their grandfather, misappropriated “at least $13.5 million” belonging to Gumberg family partnerships from 2000 to 2007. Of that amount, “at least $4.7 million has been improperly withheld” from Andrew and Lawrence Gumberg, the suit states, and the brothers “believe and aver that the actual losses are substantially greater.”
Ira Gumberg, J.J. Gumberg’s president and chief executive officer, could not be reached for comment but privately held J.J. Gumberg issued a release referring to the younger brothers as “two disgruntled partners” who “believe they can force a buyout of their interests on their terms through a lawsuit.”
Andrew and Lawrence Gumberg could not be reached for comment. Both work for separate real estate companies in Florida and Pittsburgh. Their lawyer also declined comment.