Sorry, was not done posting the question. There was a JA glitch. See below:
In 2002 I invested money with a company in WA. They gave me a stock certificate for an LLC along with the operating agreement, and that is all I got. I was under the age of 21. About 6 months later, they formed a new corporation
and quietly pretended the LLC didn't exist. This new corporation was exactly the same as the LLC, but it was owned by another corporation of theirs.
They made remarks how I would make lots of money, and being young and naive I went along. Just recently I found out the LLC was never a registered business
. They registered a tradename with "LLC" in it (which I don't think you can do), and had it correspond to another business in their tradename filling (which dissolved in 2005). They represented the LLC was freestanding and never disclosed any information in regards XXXXX XXXXX The stock was issued in the tradname.
In 2005 they handed me a stock certificate for the parent corporation (which owned the Corp identical to the LLC) and told me that would take care of my investment
from 2002 and not to worry about anything. Again, this is all I got and I never received any notices or got to attend shareholder
Years later they have sold the parent corp and subsidiary
corp. I received less than half my money back, since the parent corp had a small redemption in the sale. The subsidiary corp (which again was identical to the original LLC I invested in, where I should have got stock) had a much larger redemption and I would have made money instead of losing money had I been give stock here.
Is this securities fraud? What other claims might I have?
Have the statue of limitations expired for me to bring action? 21.20.430(4)(b) http://is.gd/4Kgic
Most of this information I have just recently found out about within the past year. Not only do I want my money back (and more) but I would like to see some justice, since these companies conned a lot of investors and creditors.