EF Hutton's Ousted CEO Fires Back, Alleging Unlawful 'Coup'

What You Need To Know

• EF Hutton recently sued Joseph T. Rallo, saying the fired CEO had stolen millions by faking expense reports.
• In a new suit, Rallo says the company's claims are false and that his former partner deposed him out of jealousy.
• Rallo alleges EF Hutton's current CEO and general counsel are running the firm into the ground and that they recently planned to join a competitor.