Why don't you contact one of the law firms?Fort a class action...

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    Why don't you contact one of the law firms?

    Fort a class action to get underway, a law firm would need guarantees that there are sufficient funds in the company for an actual payout. Well, we know there isn't so a class action against LPD wouldn't be feasible.
    You could mount a civil suit against the directors personally but apart from having to prove that they (either separate per director or as a group) were negligent or committed fraud, you would probably need around $500k for legal fees. And if you lose, you pay their legal fees. You would need to retrieve all board minutes as a minimum as well. They could and would stretch that process out for years. So unless you face losses in the multi millions, then maybe talking about a class action is not appropriate.
    I'm not a lawyer but the way these class actions go - they take around 5 years and apart from the $, the stress of it would be overwhelming.

    I suggest you prepare for a tax write off.

    imho & dyor
 
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