Understandably, investors who have lost money in the bankruptcy of Northstar Financial Services (Bermuda) Ltd. have many questions to ask. Many, of course, are specific to their investment accounts, and to answer those, a phone call or email with counsel may be better. But we can address a few common questions our clients have been asking, to help Northstar investors better understand the issues they’re facing.
Can I get my money back?
Unfortunately, it’s unlikely that you will receive all of your investment, but you may be able to recover some losses as a creditor. Also, if warranted, you may recover money from your broker-dealer if they are liable for breach of fiduciary duties or other claims arising out of their promotion of Northstar investment products.
If I go after my broker, does that mean giving up my Northstar claim?
No, these are separate proceedings, and one doesn’t impact the other.
I am not a US citizen. Does that impact my case or getting an American lawyer?
No, most Northstar investors are from outside the U.S., and you can still be represented by American counsel. And if you choose to pursue compensation from your broker or brokerage, you can file a lawsuit or request for FINRA arbitration as a non-citizen. Silver Law represents clients, both for Northstar claims and other securities and investment fraud matters, from around the world.
Where did all the money go?
According to news reports and court filings, Northstar owner Greg Lindberg wasn’t investing your money in real investments. Instead, it was sort of a “Borrow from Peter to pay Paul” situation: He was using your investment funds to pay debts of his other companies as well as finance his own lavish lifestyle.
To Recover Northstar Losses
If you—or someone you know—invested in any Northstar (Bermuda) offerings, contact the Silver Law Group and we’re happy to answer your more specific questions about the litigation as a whole, and how it impacts you. Call us toll-free at (800) 975-4345 or e-mail us at email@example.com for a confidential consultation.