a broker advertised a business for sale with a net income of $850,000 after spending over $7,000.00 on Due Diligence its makes $375,00 anyrecourse

Asked on Oct 10th, 2017 on Civil Litigation - Florida
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The Broker confirmed the income however we hired Three professionals and they both confirmed it was fabricated to get a high price for the business Looking to make a law suit for my lose of money on Due Diligence paying 2 CPA's and A Business Valuation Company
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Answered on Oct 12th, 2017 at 12:14 PM
Not likely - at least not in a manner that would be cost effective. If you want to spend money out of pocket on principle you might have a legal basis to do so, but its unlilkely that a broker is obligated to foresnically audit a sellers business and books, especially if its not your broker. 

All responses are NOT to be considered legal advice nor to be relied upon in any as such nor to establish any form of attorney/client relationship. Opinions expressed are solely informational and not a substitute for proper legal advice provided by a properly retained after thoroughly researching the issues presented.

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