Saturday, July 9, 2011

Should I sue my former shareholders and not the company if I was victimized by fraud?

I was given a set of misrepresented Financial Statements to get my investment when the major shareholders/owners were selling me their company shares. My decision to invest was based from it. Few months after, I found out about this fraud they made. I tendered my resignation and got my capital back. However, I believe that I can also charge them for what's reasonable and foreseeable if I decide to sue. Their company is incorporated but due to fraud, the owners will not be limited to the liabilities I can charge against them. My question: should I sue the company or the owners for fraud?

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