Looking for attorney for lawsuit against syndication sponsors
Kind of sad that it has come to this. I'm looking for attorney referrals to explore a lawsuit against the first syndication investment I've joined.
Without going into specifics, it was a business acquisition deal that was undercapitalized to start and eventually ran to the ground. The sponsorship group gave little to no updates (maybe once every 6-9 months when forced) without any financials. There were additional loans taken out without informing the investor and had 2 capital calls. Even after the capital call there were very little communication to how much was raised and how the business was performing, or the outcome of a failed sale attempt. At this point I have really no recourse but a lawsuit to try to at least get back what I can.
I don't know if any of you had experience with failed syndications. Would love to hear the resolutions and attorney referrals.
Thanks.
Most Popular Reply
you're looking for a regular commercial litigator. but to answer someone else's question above, if the sponsor has gone dark and is ghosting everyone, usually investors go find attorneys to get the sponsor to reappear and start talking.