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Reed Richard Kathrein's Answers
- 3 Legal Answers
- 1 Legal Guide
2
Attorney answers:
Is there an statue of limitations for securities fraud?
Of course, there are always statutes of limitations. But as an investor you need to concern yourself most importantly with your own claims in a civil action. Under the federal securities laws you have two years from the time you should have discovered the facts constituting the fraud, but not more than 5 years from the violation. If you bought stock pursuant to a fraudulent Registration Statement or Prospectus, you have only one year from the time you should have discovered the facts, but no...
2
Attorney answers:
Failing investment - Technology was withdrawn after 5 years. What are my rights as a shareholder?
The answer depends on the representations made to you at the time of your investment. If this was a public company, there would be a registration statement and a prospectus if it was new stock. If it was a private offering, there was likely some sort of offering memorandum. Fraud may not be your only recourse. As an officer and director, the inventor owed fiduciary duties to the company, and may have breached those duties. As a shareholder, you could sue for fraud individually or as a...
1
Attorney answers:
False Adverising or Fraud
You could only sue the school if it promised that you would get a job (breach of contract) or if it made representations concerning the placement of its graduates which turn out not to be true (false advertising). Even then, the representations would have to be fairly specific to your situation. So look at your agreements with the school, and dig into its representations.