How hard is it for a plaintiff to prove alleged misrepresentations to induce his investments caused him financial loss?
2 attorney answers
Your friend is being sued and should be asking these questions of his attorney. Not sure what kind of investment your friend was involved in but many types of "investments" are actually considered securities offerings under the law and your friend might find themselves in very hot water.
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I’m not sure how to answer your question. If the case were to go to trial and the plaintiff needs to prove a misrepresentation, reliance on the misrepresentation, materiality, and damages, then the plaintiff merely needs admissible evidence as to those points.
Your friend should rely upon his counsel’s advice.