Lawyers, Answer Questions  & Get Points Log In
Michigan Securities Law Questions & Answers
2 Answers | Asked in Products Liability and Securities Law for Michigan on
Q: My bag was stolen from a Goodwill store after they required I put it behind the counter to shop there, are they liable?

They have footage of who took it and we made a police report, but I want to file a lawsuit against their neglected security of my product after taking custody of it, am I in good standings?

Brent T. Geers
Brent T. Geers answered on Jan 26, 2021

I'm not sure what you would gain from it economically. Generally, one party's liability ends upon another party's criminal action. If there is video footage of this, I'm unsure what other security measures Goodwill could be expected to take. Further, stores are usually not... Read more »

View More Answers

1 Answer | Asked in Securities Law for Michigan on
Q: Is there a way to check that an expungement does not come up on a check for the U4 FINRA Application for securities?

This is for Michigan.

I have had a background check and have searched the Michigan State Police site and done another background check on myself and it didn't show up. I just don't know if there is another way they can see it or find an expunged record.

How can I... Read more »

Brent T. Geers
Brent T. Geers answered on Nov 18, 2019

If you have a court order granting an expungment, they you can honestly say you do not have a misdemeanor. An expunged conviction is "non-public"; it does not disappear. Courts and law enforcement have access to expunged convictions. Further, depending on how detailed an employer or... Read more »

1 Answer | Asked in Securities Law for Michigan on
Q: Company responsibility to investors ???

If a company goes out of business before a product is ever sold, Is the money still left in the company account be returned to investors or can it be used by that company for other projects that were never discussed with investors.

Thank You for your Response

Adam Studnicki
Adam Studnicki answered on Jul 21, 2015

This question is not clear. If the company goes out of business, that implies it is no longer operating. Generally speaking, if it is dissolved, assets are used to pay creditors first and then owners.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.