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  #1  
Old 04-13-2009, 10:44 PM
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Can I sue?

What is the name of your state (only U.S. law)? Florida

Can I sue the person who recommended that I join a private investment group where I have since lost money?What is the name of your state (only U.S. law)?
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Old 04-13-2009, 11:23 PM
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Originally Posted by amscott View Post
What is the name of your state (only U.S. law)? Florida

Can I sue the person who recommended that I join a private investment group where I have since lost money?What is the name of your state (only U.S. law)?
In this great country of ours, you are free to sue whomever you wish whenever you please. It does not mean you will win.
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Old 04-14-2009, 06:18 AM
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I understand that. I guess I should reword my question. Have there been successful cases regarding these types of lawsuits where money is awarded to the complaintant?
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Old 04-14-2009, 10:38 AM
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Originally Posted by amscott View Post
I understand that. I guess I should reword my question. Have there been successful cases regarding these types of lawsuits where money is awarded to the complaintant?
Sure.

But simply losing money on an investment is not sufficient.
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Old 04-14-2009, 11:58 AM
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It is unlikely you will get damages from a person who recommended you go to a private investment group unless he knew the group was far more sophisticated than you had the ability to understand.
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Old 04-14-2009, 01:40 PM
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Originally Posted by amscott View Post
What is the name of your state (only U.S. law)? Florida

Can I sue the person who recommended that I join a private investment group where I have since lost money?What is the name of your state (only U.S. law)?
**A: was this person state licensed in any way or gave you recommendations in their capacity as say a CPA/accountant, mortgage broker/agent, real estate broker/agent, securities stock broker/agent etc.
  #7  
Old 04-14-2009, 02:02 PM
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Originally Posted by tranquility View Post
It is unlikely you will get damages from a person who recommended you go to a private investment group unless he knew the group was far more sophisticated than you had the ability to understand.
And even if he did know they were far more sophisticated, he merely made a "recommendation".

You made the final decision to join the group.

Hold that thought for a minute though... That is still NOT the reason why you lost money!

You lost money because you, along with the investment group members made the wrong investment decisions!!!
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