Business fraud and misrepresentations cost investors, shareholders, and businesses billions of dollars each year. Shareholder investment fraud lawsuits, minority shareholder lawsuits, shareholder suppression lawsuits, and other business misrepresentation and fraud lawsuits allow investors and shareholders to seek back large sums of money that have been wrongfully taken from them.
If you have a questions about a shareholder investment fraud lawsuit, minority shareholder lawsuit, shareholder suppression lawsuit, and other business fraud lawsuit, feel free to submit an inquiry or send an e-mail to Texas Shareholder Investment Fraud lawyer Jason Coomer. He handles Shareholder Investment Fraud Lawsuits and other Business Fraud Lawsuits.
Shareholder Investment Fraud Lawsuits, Minority Shareholder Investment Fraud Lawsuits, Accredited Investor Investment Fraud Lawsuits, Shareholder Suppression Lawsuits, and Business Misrepresentation Lawsuits
Since the 1980s, the deregulation of investment markets and decreased SEC enforcement, have come large investor fraud schemes that have fraudulently taken Billions of dollars from consumer and business investors. Many businesses have set up elaborate investment scams that have taken advantage of high end investors, accredited investors, business investors, and individual investors.
During this era of deregulation many safe guards were removed, but even more rules and safe guards were not adhered to when these fraudulent businesses lured investors into fraudulent and risky investments. Understanding SEC rules on what should have been disclosed during investment negotiations as well as who may be a potential defendant for failing to properly disclose necessary information or intentionally misleading investors about an investment are crucial in determining if a shareholder or investor has a viable shareholder investment fraud lawsuit, minority shareholder lawsuit, shareholder suppression lawsuit, or other business misrepresentation and fraud lawsuit.
Further, in determining who is a viable defendant for a potential shareholder investment fraud lawsuit, minority shareholder lawsuit, shareholder suppression lawsuit, or other business misrepresentation and fraud lawsuit, it is important to understand the fiduciary duties owed by corporate officers, the board of directors, investment firms, brokers, financial planners, real estate professionals, lawyers, and other business professionals. Understanding these duties can often help determine if there is a viable party to seek compensation from after a large investment was lost or stolen.
Shareholder Suppression Lawsuits, Corporate Malfeasance Lawsuits, Breach of Fiduciary Duty Lawsuits, and Shareholder Actions Lawsuits
Unfortunately, majority shareholders sometimes wrongfully and fraudulently use their controlling interest in a company for their own benefit at the expense of minority shareholders. When a majority shareholder uses corporate malfeasance and breach of fiduciary duties, the minority shareholder may have a viable shareholder suppression lawsuit against the majority shareholders.
In any Shareholder Suppression Lawsuit, Corporate Malfeasance Lawsuit, or Breach of Fiduciary Duty Lawsuit, it is important to understand the rights, fiduciary duties, and responsibilities of the majority shareholders, board of directors, managing partners, corporate officers, corporate counsel, chief financial officers, and managers. It is also important to obtain as much evidence of the malfeasance, self dealing, fraud against shareholders, wrongful suppression, embezzlement, or other bad acts as possible prior to the start of litigation. In many of these cases, once litigation has begun, obtaining evidence of the unlawful and bad acts are difficult and heated battles as many documents begin to disappear and proving spoliation becomes a key issue. The term spoliation broadly refers to the intentional, reckless, or negligent destruction, loss, material alteration or obstruction of evidence that is relevant to litigation.
Texas Negligent Misrepresentation Lawsuits and Texas Fraudulent Misrepresentation Lawsuits
Texas has business tort laws against both fraudulent and negligent misrepresentation that can be brought against businesses and individuals that make misrepresentations that cause significant damages. Under Texas negligent misrepresentation law, a business or individual "who, in the course of his business, profession or employment, or in any transaction in which he has a pecuniary interest, supplies false information for the guidance of others in their business transactions, is subject to liability for pecuniary loss caused to them by their justifiable reliance upon the information, if he fails to exercise reasonable care or competence in obtaining or communicating the information." described by the Restatement (Second) of Torts Sec. 522. See Federal Land Bank Ass’n of Tyler v. Sloane, 825 S.W.2d 439, 442 (Tex. 1991).
In moving forward on a Texas Fraudulent or Negligent Misrepresentation Lawsuit against a corporation, partnership, limited liability company, professional corporation, individual or other business, it is important to have an experienced business litigation lawyer or business litigation team that is able to review and prosecute your Texas Misrepresentation Lawsuit.
Accredited Investor Fraud Lawsuits, Federal Investment Fraud Lawsuits, Texas Investment Fraud Lawsuits, Shareholder Investor Lawsuits, and Business Misrepresentation Lawsuits
Accredited Investors are commonly the targets of investment fraud schemes. This is because under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:
1. a bank, insurance company, registered investment company, business development company, or small business investment company;
2. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
3. a charitable organization, corporation, or partnership with assets exceeding $5 million;
4. a director, executive officer, or general partner of the company selling the securities;
5. a business in which all the equity owners are accredited investors;
6. a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 million at the time of the purchase;
7. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
8. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
By targeting Accredited Investors, some companies and their lawyers are able to exempt themselves from disclosure rules. When investing as an accredited investor, it is often a good idea to have an attorney assist you prior to making a substantial investment. Additionally, if you have already made a substantial investment and suspect foul play, it is important to make sure that you are aware of your rights and how to seek information on your investment.
Texas Corporate Malfeasance Lawsuits, Texas Breach of Fiduciary Duty Lawsuits, and Texas Shareholder Actions Lawsuits
Texas business fraud Attorney, Jason Coomer helps investors and business owners that have lost significant amounts of money through wrongful acts of fraudulent businesses, incompetent or dishonest majority shareholders, and negligent or fraudulent corporate officers. He reviews corporate documents including accounting records, contracts, e-mail correspondence, and accounting records, to determine if corporate malfeasance has occurred. As a Texas Business Fraud litigation attorney, he has handled commercial litigation claims between former business investors and shareholders battling for stock, patents, trademarks, copyrights, web sites, domains, buildings, customer lists, and other business assets. He is familiar with negotiations, mediations, arbitrations, Texas State Courts, and Federal Courts. Austin Texas Business Fraud Lawyer, Jason Coomer is an experienced business litigation attorney that handles business torts, business fraud lawsuits, theft of trade secrets, unfair business actions, shareholder actions, commercial real estate law, computer law, and other business litigation.
Unfair Business Competition Actions
Unfair business competition actions arise when a business uses unfair business practices to damage another business or put them out of business. Examples of unfair business competition occur when a competing business intentionally steals trade secrets, releases false press releases, uses short term predatory pricing, demands exclusive contracts from suppliers, forces lenders to call in loans, steals business, or spreads false information in the business community to damage another business or put the business out of business. Because of the size of many small business, losing a major contract, having a supplier stop providing supplies, having a lender call in a loans, or one false press release can cause significant damage and even bankruptcy for the small business.
If you are a Texas business owner that has been damaged through illegal actions of other businesses and have suffered a significant loss of revenue or profits, please submit an inquiry or send an e-mail to Austin Texas business lawyer Jason Coomer. He works with Texas Business Owners to recover losses caused by unfair business competition.
Shareholder Investment Fraud Lawyer, Minority Shareholder Investment Fraud Lawyer, Accredited Investor Investment Fraud Lawyer, Shareholder Suppression Lawyer, Texas Business Fraud Litigation Lawyer, Texas Business Fraud Lawyer, and Texas Business Fraud Litigation Teams
Austin Texas Shareholder and Investment Fraud Lawyer Jason Coomer frequently works with other Shareholder and Investment Fraud Business Litigation Lawyers across Texas and the United States including Houston Business Lawyers, Dallas Business Lawyers, San Antonio Business Lawyers, and other Austin Business Lawyers to provide high end professional legal services at reasonable prices. He understands that many Texas businesses have locations throughout Texas and the United States and may require good shareholder business litigation lawyers in different locations throughout the state and the United States.
Texas Shareholder Investment Fraud lawyer, Jason S. Coomer, is an experienced and aggressive commercial fraud litigation attorney that helps investors and business owners protect and reclaim their assets from businesses and individuals that have committed fraud, negligent misrepresentation, deceptive business acts, unfair corporate competition, and other wrongful actions. He works with individuals and businesses that have suffered significant damages from these wrongful acts to obtain evidence of the fraud, negligence, or other business tort; calculate the damages that have been suffered and what can be sought under the law from the wrongdoers; and prosecutes business tort claims through the court system and arbitration to obtain compensation for damages that were suffered. If you need an Austin Texas Shareholder Investment Fraud Lawyer or a Texas Minority Shareholder Business Fraud Litigation Attorney to advise you on a shareholder suppression lawsuit, minority shareholder lawsuits, accredited investor lawsuit, business fraud lawsuit, negligent misrepresentation lawsuit, breach of contract lawsuit, breach of fiduciary duty lawsuit, unfair business competition action, or other business litigation dispute, contact Austin Texas Minority Shareholder Investment Fraud :awyer Jason Coomer.