The lawsuit was settled out of court. Comenity Bank sued them for their alleged role in causing their former president to become mentally unfit. The bank also claims to have lost millions of dollars as a result of the investors losing their money. The lawsuits were settled out of court. No monetary damages have been awarded yet.
The Comenity Bank Lawsuit
This lawsuit is just another example of why you shouldn’t invest in any company that has just filed for bankruptcy. There are so many lawsuits going on right now. Just because the company is filing for bankruptcy protection doesn’t mean that it’s not still worth investing in. When there is this much demand for these companies and they are in the hot water, then there is definitely room to make money. Keep your eyes open and be patient.
The company’s current value has dropped by a couple of million dollars.
This may be due to fraud accusations. It could be due to a drop in demand for their services. Maybe it is both. Investors need to know where the company is located and why it is filing for bankruptcy. If it is due to fraud, then they should cut their losses and move on.
You should stay on the line of communication with the Comenity Bank.
They will let you know if there is any new information. They will also let you know what new offers and deals they have on the table. Stay on top of the situation to make sure nothing is changing. You don’t want to miss out on a great opportunity to make money with this company.
In terms of the shareholders, they didn’t lose anything at all. All of their money is protected and will be paid back. This is their only risk at this point in time.
Only time will tell if this lawsuit will go into court. It would be best to have an attorney represent you.
The last thing you want to do is be the plaintiff in a lawsuit that you didn’t deserve in the first place. Protect your interests and your money as best you can. There are many good attorneys out there that specialize in these types of lawsuits.
The longer you wait to take action, the more chances of losing the case.
Waiting too long means that you are risking losing everything. If you have suffered injuries or are suffering from medical conditions, it is important to see what your options are. Once you have been the victim of negligence, the time to act is now.
The time has come to get the compensation that you deserve for the injuries you endured while working for the Comenity Bank. Do not let another day to get away from you. Call a lawyer immediately and find out what your lawsuit is all about. Get your deserved money now. The longer you wait the less likely you are to win.