Legal Question in Securities Law in Illinois

investment

I purchased initial stock in a new company that was in the beginning stages of formation.As a new invester we were promised that when the company deversified we the stock holders would start recieving our profits. this was back in 1998. At this time now in 2005 I have not recieved any time of monetary payment.the company has florished and is doing well. what recourse do I have to get my fair share of the profits due me?


Asked on 1/12/05, 11:39 am

2 Answers from Attorneys
Andrew Nichols Law Office of Andrew B. Nichols

Re: investment

Is this company publicly traded? If so, as a practical matter your shares should be unrestricted allowing you to sell on the open market. If the company is not publicly traded you may be in a holding pattern. What kind of promises were made to you about recouping your investment. What documents do you have? Please feel free to call me to discuss this in more detail. ph. (214) 637-0713

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Answered on 1/13/05, 7:43 am
Michael Olden Law Offices of Michael A. Olden

Re: investment

A simple question but a very difficult answer. Much more complicated than this space provides. It depends on whether it was a public or a private transaction. While it doesn't depend on how much stock you have it would be interesting to know how much you have and what were the documents that were giving you at the time that you purchased the stock applicable to future monetary documentation. What is this a California stock or multiple state sales situation. Numerous numerous questions.I have been practicing law in the San Francisco Bay area for approximately 35 years and expert in the area in the category in which your question is placed. I feel I can help you in this matter and if you wish to consult with me please contact me at 925-945- 6000.

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Answered on 1/14/05, 11:52 am


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