You did your due diligence, found the perfect company to purchase, and negotiated a fair price, but once you took over the business things were not as they had been represented. Business sale fraud is unfortunately a very real threat that far too many business purchasers have experienced.
Business sale fraud litigation is legal action against a seller who has misrepresented or omitted key information about the business being sold. Often times, this information was material to the decision of whether or not to purchase the business. Seller fraud can take many different forms, including:
Even if you thoroughly investigated all aspects of the business, from its financials to its relationships with key stakeholders, you may not have uncovered seller misrepresentations and concealments before the purchase. If so, you’re not alone.
If you believe that you have been the victim of business sale fraud, there are legal remedies available to you, and we can help you understand your rights and options under the law. In some instances, it may be possible to rescind the deal and recover damages. In other cases, litigation may seek compensation for the difference between what you paid for the business and what it’s actually worth. Regardless of the specific circumstances of your case, we can provide guidance and support throughout the process.
We help business buyers in Orange County and Los Angeles County when things go wrong. Call us today for an initial consultation to understand how to protect your rights and preserve your legal options.
It is possible that we can litigate your case on a contingency basis, rather than on a pay-as-you go hourly basis. Probably because of recent expenses or damages and possibly for other reasons, your money may be tied up temporarily. We understand that, which is why we may be able to work you in such a way that you only pay a percentage of the settlement or judgment if and when we win your case and you collect your award. You can find out more about the contingency business litigation option here.