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Civil Litigation Attorney: Bad Business Deals

If you've been involved in a business deal or partnership that didn't go as planned, a civil litigation attorney might be able to help you recoup some of your losses and hold others accountable for their shady business practices.   

Here are a few steps to take when working with a civil litigation attorney.

Forensic Accounting

To get a clear idea of what invested and what you lost, your civil litigation attorney will need access to detailed financial records to help them build a strong case.

  • Bank Statements: Your bank statements can act like digital footprints, showing where, when, and how much money flowed out of your accounts. Your civil litigation attorney should have access to your bank statements for the duration of your business deal.

  • Investment Records: Many bad business deals are funded by cashing out investments like stocks, bonds, or other investment products. If you cashed out an investment to fund the business deal, your civil litigation attorney should have access to those transactions and records.

  • Tax Filings: Because civil litigation of business deals will inevitably involve the disclosure of your financials, your attorney will also need your tax filings. This can help document the tax write-off related to the business deal, which can be very important in cases involving business investments. Your civil litigation attorney will also need to show your gains and losses while the business deal was happening.

Contracts and Conversations

Most bad business deals start with a conversation and end with several contracts. Your civil litigation attorney can build a narrative that weaves both the contracts and conversations to clearly show how you were wronged.

  • Conversations: The communication that led to your investment must be documented. If your civil litigation attorney can pinpoint the misleading statement(s) that deceived or misled you to invest in the business, they can begin to build a strong case for fraud. Text messages, emails, and other written communications should be shared. If your conversations were less formal and/or conducted in person or over the phone, you will need to provide a formal deposition.

  • Contracts: Many bad business deals are cemented with bad contracts. Your civil litigation attorney should have access to the contracts you signed when you invested your money. Although contracts might seem to be ironclad, they are often the primary source of legal litigation. If your civil litigation attorney can demonstrate how the contract was broken, your case will be very strong.