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.