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Updated about 5 years ago,

User Stats

120
Posts
73
Votes
Tony Lin
  • Rental Property Investor
  • Fremont, CA
73
Votes |
120
Posts

Looking for attorney for lawsuit against syndication sponsors

Tony Lin
  • Rental Property Investor
  • Fremont, CA
Posted

Kind of sad that it has come to this. I'm looking for attorney referrals to explore a lawsuit against the first syndication investment I've joined. 

Without going into specifics, it was a business acquisition deal that was undercapitalized to start and eventually ran to the ground. The sponsorship group gave little to no updates (maybe once every 6-9 months when forced) without any financials. There were additional loans taken out without informing the investor and had 2 capital calls. Even after the capital call there were very little communication to how much was raised and how the business was performing, or the outcome of a failed sale attempt. At this point I have really no recourse but a lawsuit to try to at least get back what I can. 

I don't know if any of you had experience with failed syndications. Would love to hear the resolutions and attorney referrals. 

Thanks. 

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