First, you can fill a creditor claim in Northstar’s bankruptcy proceedings. But there are specified classes of creditors and strict requirements in terms of their eligibility for compensation.
Next, you can sue Northstar and its former owner Greg Lindberg. However, your case can’t go forward while Northstar and other Lindberg-owned entities are still in bankruptcy proceedings. By the time a bankruptcy stay is lifted, any money you’d hope to win in a lawsuit may be gone.
One course of action is to seek compensation from the broker-dealer who enticed you to purchase Northstar products. Many Investors file a dispute with Financial Industry Regulatory Authority (FINRA) and request a FINRA arbitration. FINRA arbitrations are a sort of mini-trial, but with fewer procedural requirements, so FINRA arbitrations can lead to a much quicker resolution than you can get from a court-filed lawsuit. Also known as securities arbitration, our investment fraud attorneys represent investors to recover losses.
Since other claimants have been filing arbitration claims with FINRA, start your claim as soon as possible as statute of limitations may apply.
Recovering Your Northstar Losses
If you or someone you know have any losses due to investments in Northstar (Bermuda) offerings, it’s important to file your claim as soon as possible. The Silver Law Group can help. We are already representing clients with Northstar claims, and we are continuing to investigate the fund. Our attorneys are working with investors who were sold Northstar Bermuda by Truist, Ocean Financial Services, Cetera Financial, and other firms. Please contact the Silver Law Group toll-free at (800) 975-4345 or e-mail us at ssilver@silverlaw.com for a confidential consultation.