Legal Question in Business Law in New Jersey
I was tricked into signing over my shares of a business. I needed money for household expenses so my grandfather said that he will send me a form that would sign money that was put into a trust over to me 1 year early. I trusted him and he later told me that I signed my shares of the business over to him?? He tricked me.. I trusted him in good faith and he tricked me into signing over my shares of the company.. Can he do that by law?? Trick somebody?? Not to mention I haven't seen any profits from the company in all the years I owned my 12 percent??
3 Answers from Attorneys
As a Franchise Attorney I can say this. If what you say is true, you can recover our shares on the basis of fraud in the inducement. It will be a complicated and costly process. Needless to say, it will also ruin whatever is left of the relationship with our grandfather. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Unfortunately, your problem is not just financial it is personal.Before you begin making accusations that your grandfather has somehow tricked you, I suggest you see a good tax and business attorney to review the documents. If in fact you have been tricked or the subject of fraud, then you should have your attorney contact your grandfather. Everything possible should be done to resolve this matter amicably rather than start litigation. Once a lawsuit has been started it can rip the family apart.
I hope this helps!
Ron Cappuccio
www.TaxEsq.com
I have read what the other attorneys have said. You need to take all the documents to an attorney and get some advice. Give me a call, and I will assist you.
I have a lot of contacts in Sea Girt, so I can help you!
Robert Davies, Attorney 201 820 3460
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