In a perfect world, people would be truthful when selling a business or commercial real estate so that the buyer would know what he or she was paying for. However, at the Law Offices of Rick Aljabi, he realizes that the business world is not always perfect.
Sometimes people make false statements about the business or property they are selling. As the buyer, you can suffer economic harm if you buy a business or a property based on false information. Attorney Rick Aljabi represents entrepreneurs and business owners who suffer economic harm due to fraud or misrepresentation.
The Law Offices of Rick Aljabi represent handle cases involving all types of fraud. Here are some examples:
- Misrepresenting the income of a business. If your purchase of a business was based on misleading information regarding its income, attorney Aljabi will help you help you explore your options and pursue compensation.
- Misrepresenting the value of a business or property. If you buy a property based on a misrepresented vaue, you may have a right to compensation.
- Making statements that are untrue. If you rely on a statement — whether it is about a lease, zoning, an easement, expenses, or relations with vendors, or costs — you may be able to pursue compensation for any damages resulting from your reasonable reliance on those statements.
Damages in a fraud case often involve the seller paying the buyer the difference between the valuation of the business based on the fraudulent information and the actual value of the business. For example, if you paid $500,000 for a business based on statements that it produced income of $100,000 a year, and the business actually produced less income than represented, then the seller may be liable for the damages. Another remedy may be to rescind the sales and purchase agreement.
Contact a San Diego Lawyer For More Information About Business Fraud
To discuss your legal needs with San Diego business fraud attorney Rick Aljabi, call 619-220-0500 or fill out the contact form on this website. Your initial consultation is free.