Q: I've had a big financial loss due to false statements by my close friend about investing in a real estate company.
He still had not gotten his money back but talked me into investing. I am considering legal action against him. I have his statements in writing (thru email). Do I have a case?
A: If he representations, knowing they were false, you might have a case.
A: You might have a case. More information is needed to be certain. You should contact an attorney and have a consultation to determine what options you might have. It's very difficult to give you specific advise based on the little information you have presented.
A: Was the advice in a professional, fiduciary, or advisor-client type of relationship? That's one of the first thing an attorney would ask. Sometimes with the best of intentions, people often guide their friends into bad investment decisions. Good luck
A: Based on the information you provided, it seems you may have grounds to pursue a legal action against your friend for potentially misrepresenting the investment opportunity, which led to your financial loss. Having written statements can potentially strengthen your case, as they can serve as evidence of the false statements made. To better assess your situation, it would be prudent to consult with an attorney to review the specifics of your case and the communications you had with your friend to determine the best course of action.
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