Why a fraud litigation attorney is essential to any successful lawsuit.
A fraud litigation attorney is an individual who represents one person suing another for fraudulent conduct. Put another way? Someone is being accused of intentionally misrepresenting the truth to gain an unfair advantage or monetary value.
But how do you know your case qualifies? And do you really need an attorney?
Read on to find the answers!
Reason 1: Figuring Out If You Have a Fraud Litigation Case
There are a few burdens of proof a defendant must meet to file a fraudulent litigation lawsuit. The first is you must be able to demonstrate the other party lied. Or, more specifically, made a material misstatement of facts and figures. Also, you must be able to prove the defendant knew their statements were false.
But that’s not all. The plaintiff must also be able to prove the defendant knew they planned to rely on the false information and believed that information to be true.
If all of these apply to you, then there’s a good chance you have a case. However, without the benefit of a knowledgeable lawyer, it can be difficult for the average person to make a solid determination.
Reason 2: Classifying the Types of Fraud
Fraud can come in all shapes and sizes. However, there are a couple categories the courts hear most frequently:
Business fraud: This type of fraud can include passing bad checks, falsely obtaining credit, or engaging in a contract the party has no plans to fulfill.
Securities and investment fraud: In cases like this, a stockbroker pushes an investor to buy or sell a security based on false information. Because the investor does not know the information is false, and they rely on the advice of their advisor, they can end up with significant financial losses. Ponzi schemes frequently fall into this category, although it also includes insider trading, falsifying financial statements, and embezzlement.
While these are the most common, there are a hundred different variants under which your case could qualify. Your attorney will help you correctly classify your case, and craft an appropriate court strategy.
Reason 3: The Laws Are Complicated
In case you haven’t figured it out by now, the laws surrounding business fraud and fraud litigation are incredibly complex. Depending on the type and scope of the fraud in question, you may need to hire a team of lawyers with varying expertise.
Attempting to go it alone is tough, and you’re likely to fall victim to endless hours of paperwork, improper filings, and other judicial nightmares. Save yourself the time and heartache, and hire a qualified lawyer with experience in the area you need.