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which court do i initiate the action in? i know i have to subpheana them, i know how to do that, but you would think the Attorney Generals office of co-ops when they tell you that self dealing, fraud, and possible bank fraud is an internal coop problem, ansd tell you to get a lawyer. why not tell tou what curt handles it? i have done small claims. and the law is very straightforward, if i find a lawyer that will seek to get my money back, i would also hope he/she would push to fine the board members, for their actions, plus trying to avoid a embezzlement, i thing all shareholders should receive the bank statements every month, in spreadsheet imported form. in my building the board doesn't know what bank. etc. perfect scenerio for embezzlement
Join the Conversation Comments (1)Dear Dianne, Would you be comfortable giving any details regarding your experience in the court system? Following along with the original post, the court system seems very mysterious to those of us who have only contemplated it from the outside. Any insight from someone who's been there as you have would be greatly appreciated. If you are comfortable discussing it, some possible questions might be: what was the issue litigated, was your lawsuit a shareholder derivative action, how did you find an attorney and what was the cost, was the lawsuit settled or litigated, did you prevail, and, if you prevailed, were you able to recover any legal fees? On another level, did you experience any support or resentment from other shareholders? Anything you care to share would be greatly appreciated. Thanks and congratulations on having stood up and taken action.
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Unfortunately, as you know, the Attorney Generals office does not handle this type of complaint. There are a couple of bills in both the Senate and Assembly to create an ombudsman committee that would hear complaints of this type. Please,contact your state elected officials and ask them to support these bills. If we the shareholders do not take action,we will never gain the support needed to pass them. As far as the court, supreme court is the one my case regarding an election was heard. Unless you are really well versed in the court system, I would strongly recommend an attorney since these cases require depositions and can be a bit complicated to navigate.
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