INVESTOR ALERT: WOODBRIDGE GROUP HAS FILED FOR CHAPTER 11 BANKRUPTCY - GOODMAN & NEKVASIL, P.A. MAY RECOVER INVESTOR LOSSES IN WOODBRIDGE MORTGAGE INVESTMENT FUNDS 1, LLC, 2, LLC, 3, LLC AND 3A, LLC
Goodman & Nekvasil, P.A. May Recover Investor Losses - Investor Alert: Woodbridge Group Has Filed For Chapter 11 Bankruptcy - Investors In Woodbridge Mortgage Investment Funds 1, LLC, 2, LLC, 3, LLC and 3a, LLLC
Various states have brought enforcement actions against Woodbridge Mortgage Investment Funds 1, LLC, 2, LLC, 3, LLC AND 3A, LLC (“Woodbridge”), alleging that these investments were sold in violation of state securities laws. Specifically, on May 4, 2015, Woodbridge Funds 1, 2, and 3 consented to an order by the Massachusetts Securities Division that these Funds violated the Massachusetts Uniform Securities Act by selling unregistered securities. On March 18, 2016, Woodbridge Mortgage Investment Fund 3, LLC consented to an order by the Texas State Securities Board that it violated the Texas Securities Act by offering unregistered securities. Finally, the State of Arizona recently filed an amended action against Woodbridge alleging that Woodbridge committed securities fraud by not disclosing the Massachusetts and Texas orders and the risks of these investments.
If you purchased a Woodbridge Fund from a licensed financial advisor, we would like to discuss the possibility of you retaining our firm to represent you in an arbitration action against that advisor’s brokerage firm or investment advisor. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney's fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. The filing of such a case will not impact on your ownership of the investment in any way.
If you invested in Woodbridge and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.Back to Blogs