Late Stage Assest Management, LLC (LSAM)
Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Late Stage Asset Management, LLC (“Late Stage” or “the Company”) and certain of its officers.
Class Definition
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired pre-IPO shares through funds issued by Late Stage between at least March 2019 and March 2023. Such investors are encouraged to join this case.
Case Details
The complaint alleges that certain of the defendants orchestrated a common plan and scheme whereby a network of unregistered sales agents fraudulently offered and sold retail investors purportedly “no-fee” unregistered securities through various investment funds consisting of equity interests in private companies which may in the future become public (“Pre-IPO shares”). Further, the complaint alleges that: (1) other defendants repeatedly told investors that there were no upfront fees or commissions for their investments in pre-IPO shares; (2) these were false statements; (3) in reality, certain of the defendants would charge investors up to a 150% markup on any given pre-IPO shares sold to investors and pocket the money or use the money to pay their sales agents; and (4) these defendants intentionally misled investors so that they would invest in Pre-IPO shares.
What’s Next?
A class action lawsuit has already been filed. You may review a copy of the Complaint. You may also contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660. If you suffered a loss in Late Stage you have until September 30, 2024, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]