Investor’s Claim under Securities Act Advances

By Deborah Elkins
Published: January 9, 2012

Tags: Corporate, Fairfax County Circuit Court, Judge Jonathan C. Thacher, Virginia Circuit Courts

An investor who thought his $200,000 payment to defendants was buying 40,000 shares in C2 Future stock that would allow expansion of an educational company into Korea, instead of “office expenses for existing schools,” can sue defendants for an alleged fraudulent scheme that violated the Virginia Securities Act, says a Fairfax Circuit Court. Defendants argue the ...

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