Aequitas Commercial Finance, LLC and Income Opportunity Fund II investors have an opportunity to recover their investment losses.
Click "Join this Class Action" above.
Aequitas Commercial Finance, LLC
Rosen Law Firm announces that it is investigating potential securities claims on behalf of investors of Aequitas Commercial Finance, LLC and Income Opportunity Fund II resulting from allegations that Aequitas Commercial Finance, LLC and Income Opportunity Fund II may have issued materially misleading business information to investors.
If you invested in Aequitas Commercial Finance, LLC or Income Opportunity Fund II and would like to join the action, please click "Join This Class Action" above.
Rosen Law Firm Announces Investigation of Securities Claims on Behalf of Purchasers of Notes Issued by Aequitas Commercial Finance, LLC and Income Opportunity Fund II
New York, N.Y., March 11, 2016. Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors who purchased (a) notes issued by Aequitas Commercial Finance, LLC (“ACF”) pursuant to a Private Placement Memorandum (“PPM”) dated November 2013, or (b) notes issued by Income Opportunity Fund II (“IOF II”) beginning January 2014.
Between January 2014 and January 2016, Aequitas-affiliated entities raised about $350 million selling notes directly to investors pursuant to PPMs representing the funds would be used to purchase trade receivables. But according to a complaint filed by the Securities and Exchange Commission (“SEC”), unbeknownst to investors, the May 2014 default of an entity accounting for 75% of ACF’s receivables pushed the Aequitas funds into insolvency. Thereafter, private placement proceeds were used not to purchase trade receivables but principally to pay operating costs, as well as redemptions and interests to existing investors.
Rosen Law Firm is investigating a class action lawsuit to recover losses suffered by ACF and IOF II investors. If you purchased notes issued by ACF or IOF II, please visit the firm’s website at http://rosenlegal.com/cases-858.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827