Legal Question in Personal Injury in New York

If a company hides important financial numbers or findings on their statements and an auditor says its ok and its a good company to invest in for debentures and then they go bankrupt. that would be misrepresentation or a false statement. Also because of the auditors opinion a couple invest not knwoing the numbers are wrong. What would be the defendents defence to the couple suing them for economical loss and misrepresentation???


Asked on 11/28/10, 7:45 pm

1 Answer from Attorneys

Pasquale Calcagno Calcagno & Associates, PLLC

The defenses the company can raise or numerous and too legally complex for discussion in this limited venue. If the company is a publicly traded company you probably have a securities fraud or securities class action case that you can file. A lawfirm that concentrates in the area of securities law is what you need.

Call me, Pasquale Calcagno, Esq., for a free consultation at 1(800)WE-FIGHT regarding this matter as I have experience in these types of cases. We have offices on 40 Wall Street, NY, NY and all over New York for your convenience.

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Answered on 12/03/10, 11:16 pm


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