Legal Question in Investment Law in Rhode Island
Mutual Fund Liquidation
Our mutual fund company (located in Rhode Island) is liquidating a fund we have been invested in for several years. They are opening a new fund as alternative. This liquidation involves a large loss of money to us. There seems to be no way to recoup our loss. This does not seem like a financial risk situation, as they are closing the fund and we have no choice. How do we find out our legal position, such as suing or criminal charges?
Asked on 4/09/03, 3:51 pm
1 Answer from Attorneys
Michael Paradise
Law Offices of Michael S. Paradise
Re: Mutual Fund Liquidation
A lawyer with expertise in the area would have to review the fund documentation and have you provide him/her with the facts and circumstances of your particular investment.
Answered on 4/09/03, 4:02 pm
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