Securities Investigation – Fallbrook Technologies
Fallbrook Technologies has filed for bankruptcy protection, saying it ran out of money before its patented technology could take off beyond the bicycle industry. The transmission system inventor along with three affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware on February 26, 2018.
The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended Fallbrook Technologies to investors.
According to its website, Fallbrook Technologies is the inventor of the revolutionary NuVinci® continuously variable planetary (CVP) technology, which enables performance and efficiency improvements for machines that use an engine, pump, motor, or geared transmission system – including urban mobility vehicles, cars and trucks, industrial equipment, and many other applications. Fallbrook is based in Cedar Park near Austin, Texas.
Broker dealers are required by law to perform adequate due diligence on all investment recommendations. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
If a broker makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses. It may be possible to recover your losses through FINRA Arbitration.
The Financial Industry Regulatory Authority (FINRA) operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
Are you concerned about your investment in Fallbrook Technologies? If so, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please contact The White Law Group at 1-888-637-5510.
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 firm, visit www.WhiteSecuritiesLaw.com.