What legal avenue do I have to explore for having sunken my money into a company that was not what it was presented as?
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What legal avenue do I have to explore for having sunken my money into a company that was not what it was presented as?
I invested in a partnership company that misrepresented their “numbers” and valuations. What type of lawyer do I seek?
Asked on February 5, 2015 under Business Law, New York
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 9 years ago | Contributor
You can file a lawsuit for fraud against the company. Fraud is the intentional misrepresentation of a material fact made with knowledge of its falsity and with the intent to induce your reliance upon which you justifiably relied to your detriment.
In other words, you would not have invested in the company had you known the true financial information.
It would be advisable to speak with a business law attorney who handles civil litigation.
Your County Bar Association may have an attorney referral service which can refer you to a business law attorney.
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