April 16, 2013 Comments (0) Blog, Securities Fraud

Update on Securities Fraud Investigation Involving Cypress Equipment Leasing

Cypress Equipment Leasing
(Last Updated On: March 8, 2017)

Cypress Equipment Leasing Investment Losses

Have you suffered losses in a Cypress Equipment Leasing Fund private placement investment?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses.

Investors in Cypress Income Fund II recently received a letter from Wells Fargo Bank Northwest, N.A. regarding their investment.  Wells Fargo Bank acts as Trustee of the Cypress Income Fund II under an Indenture dated March 15, 2005.  The letter sent out by Wells Fargo paints a poor picture regarding the Cypress Income Fund II’s financial prognosis.

Specifically, the letter states, that Cypress delivered to the Trustee a notice of Material Adverse Effect dated February 1, 2013 describing a number of transactions and circumstances that, the Company reports, “have significantly increased the risk that the Fund may not be able to pay all principal and interest due on the Notes upon Maturity.  Consequently, the developments with respect to these transactions may be deemed to have a Material Adverse Effect on the Fund’s ability to fulfill its obligations to pay principal and interest when due.”

Fortunately for investors in Cypress Income Fund II, you may be able to recover any losses as a result of your investment in this fund through a FINRA arbitration claim against the brokerage firm that sold the investment to you.

The White Law Group continues to investigate the liability that FINRA registered brokerage firms may have for improperly selling high-risk private placements such as Cypress Equipment Leasing Funds.

Brokerage firms have a fiduciary duty to perform adequate due diligence on any investment they recommend and may be help responsible for failing to perform adequate due diligence on this offering.

Recovery of Investment Losses

If you invested in a Cypress Equipment Leasing investment and would like to speak with a securities attorney regarding your litigation options, please call The White Law Group at (888) 637-5510 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, visit the firm’s website at http://www.whitesecuritieslaw.com.

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