It can be devastating to see a stock that you invested in crash. This is especially so when the abrupt fall is not due to fluctuations in the market but rather because of fraud. If important information was withheld from you or if someone lied to you about anything that might affect the stock’s value at the time you purchased, then you may be able to file a lawsuit to recover damages.
The lawsuit can be brought against anyone who was involved in the fraud. This includes
- The company itself;
- The officers; and
- Directors, if applicable.
Lawsuits can also be brought against
- Stock Brokers;
- Underwriters; and
- Auditors
if they were involved in or should have known about the fraud.
The law provides you with a remedy if you invested in a company under false pretenses. You can read more about Securities Fraud and victims rights here. If you feel that you have been the victim of a stock scam or other fraud, contact an experienced Securities Fraud Attorney today to find out how to best pursue your claim.
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