Invested in These Vertical Funds?

Soreide Law Group is currently investigating the following Vertical Funds and exploring the possibility of bringing a FINRA arbitration action against the stock brokers for investors who have experienced losses with the following funds:
Vertical Recovery Management, LLC
Vertical Mortgage Fund I, LLC
Vertical US Recovery Fund, LLC
Vertical U.S. Recovery Fund II, LLC
.
On September 9, 2015, Vertical Mortgage Fund I, LLC, Vertical US Recovery Fund LLC and Vertical U.S. Recovery Fund II, LLC commenced General Assignments (“Assignment”) as provided for under California Law to Development Specialists, Inc., solely in its capacity as Assignee for the benefit of creditors (“Assignee”) of those respective entities. The General Assignment for the Benefit of Creditors process is similar to liquidations administered under Chapter 7 of the United States Bankruptcy Code; however, California state law controls rather than federal bankruptcy law. California law provides the Assignee the rights of a lien creditor, ensuring that the Fund’s creditors and members positions are preserved in the same priority they had at the moment immediately preceding the making of the Assignment. California and federal courts have recognized the effectiveness of the general assignment law and process since the early 1900’s.
If your broker overly concentrated your portfolio with these Vertical Funds which were unsuitable for your investment goals and you feel your broker or financial advisor misrepresented the risks for your otherwise conservative portfolio, call Soreide Law Group for a no-cost consultation with a securities lawyer on the possibility of recovering your losses at: 888-760-6552.