The BSZ association investor protection lawyers CLLB lawyers recommend the investment decision of the underlying legal advice to be verified. These days, many investors get the Victory Media Fund angry mail from the Tax Office: provisionally granted loss allocations will be withdrawn, bringing high tax demands, as not only account for tax benefits but also substantial penalty charges are levied.
lawyer and legal counsel Hendrik Bombosch BSZ Association recommends investors concerned not only the obtaining of tax advice, but a judicial review, are whether, for example, claims for faulty investment advice.
has decided this, the Higher Regional Court of Cologne in a recent Association of the BSZ investor protection lawyers CLLB Legal erstrittenen ruling that the prospectuses relating to the risks of the Fund are not correct. The Higher Regional Court an investor has a claim for damages in the amount of € 65,000 awarded against an investment adviser, had recommended in 2000 to participate as an atypical silent partner at Victory Multimedia 16th Not least against the backdrop of the spectacular collapse of the Victory Media AG, the investment had grown into a financial disaster for investors.
The Higher Regional Court of Cologne could not convince them that the investors properly about the characteristics and risks of the funds had been cleared up and saw the burden of proof for the correct advice because of the inaccuracy of the prospectus is not the investor, but the investment advisor. In the Decision, the court reasoned that the risk warnings in the prospectus were incorrect and would have the consultant's risk information in the prospectus must clarify.
The verdict shows that despite the many years that have elapsed since the drawing of funds, yet quite realistic opportunities exist for investors in case of erroneous advice successfully assert claims for damages. Bombosch explained that the odds have to be examined individually.
The investment consultant had to rely, inter alia, that any claims were barred. This was followed not the OLG Köln, as investors were still not cleared properly. In particular one has a limitation does not arise automatically from the fact that it has failed to make the investors to read the prospectus. Bombosch points out, however, be assumed that the end of 2011 of a prescription must. Investors should hurry along and may initiate later this year, their lawyer suspensory measures, such as in an action.
If a client for a legal expenses insurance, so this does in many cases, the cost of any process due to faulty investment advice.
are for injured investors, it are good arguments to join the syndicate Victory BSZ eV
Photo: BSZ lawyer and legal counsel Hendrik eV Bombosch
BSZ ® federation for social and civil rights consciousness eV
BSZ ® federation for social and civil rights consciousness eV
Lagerstr. 49
64807 Phone: 06071-9816810
Internet: http://www.fachanwalt-hotline.eu/
This text is the contribution from 24/02/2011 again. Possible future changes of the facts are not considered.
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