Q: I invested in a UK company, then the founder moved to the US and re-formed without notifying me.
I invested in a UK company. The founder claimed that he was shutting down the company. Next thing I know, he goes to the US and restarts the company. Now the company is successful and is operating strongly in the US. Do I have any grounds for a lawsuit? He did not give me any compensation, new shares, or even acknowledge that this was occurring. Seems pretty sneaky. Please let me know if there is anything that can be done.
A:
It might be possible to bring an action against the founder. The facts must be examined by an attorney to see if they support bringing an action in the United States rather than in the UK. The facts must be examined to see if the founder committed any improper activities. The range of possibilities can go anywhere from absolutely nothing wrong up to a crime.
How much money did you lose? It could be worth investigating the situation.
A:
Consult with an attorney and see if you have a case you can bring in your jurisdiction.
It may depend on the way the investment was structured and how the money/funds were used.
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