Goodman & Nekvasil, P.A. May Recover Investor Losses | First Capital Real Estate Trust Indirect Subsidiaries Declared Bankruptcy
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victmized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments, including First Capital Real Estate Trust.
According to several sources, a number of indirect subsidiaries of First Capital Real Estate Trust, a publicly registered non-traded REIT, have filed for relief under chapter 11 in the United States Bankruptcy Court for the Eastern District of California. The subsidiaries include Township Nine Owner LLC, Capitol Station Holdings LLC, Capitol Station Member LLC, and Capitol Station 65 LLC.
Even though high yield or junk bonds, notes, limited partnership units, and stock issued by First Capital Real Estate Trust have considerable risk, overzealous brokers, brokerage firms and registered investment advisors have nonetheless recommended First Capital Real Estate Trust and these types of investments to conservative investors seeking income. We believe that investors in First Capital Real Estate Trust lost a significant amount of their savings when First Capital Real Estate Trust subsidiaries filed for bankruptcy.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as First Capital Real Estate Trust and has recovered well over $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold First Capital Real Estate Trust and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
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. Finally, the filing of such a case should not affect your rights as a creditor in the First Capital Real Estate Trust indirect subsidiary bankruptcy or your ownership of these investments in any way.
If you incurred losses on your investment in First Capital Real Estate Trust and/or other high-risk investments 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.