Business Trial Group Investigates Investment Losses at WestPark Capital
Morgan & Morgan’s securities attorneys are investigating investment losses in pre-IPO shares and products sold by WestPark Capital, Inc. These pre-IPO products include the Horizon Select Technology Fund LLC and Horizon Select Technology Fund II LLC (collectively, “Horizon Funds”). Pre-IPO shares include Uber, Lyft, Palantir Technologies, Spotify, Pinterest, Dropbox, SpaceX, MagicLeap, Cloudera, AliphCom (d/b/a Jawbone), and Airbnb.
We have learned that Westpark may have solicited investors to invest in various special-purpose investment vehicles such as the Horizon Funds. WestPark allegedly told investors that Horizon had purchased pre-IPO restricted shares of the companies listed above, including Uber, Lyft, and Palantir. Even though investors allegedly were investing in a vehicle that had purchased shares at discounted pre-IPO prices, investors reportedly have suffered substantial losses in their investments.
WestPark may have had conflicts of interest in soliciting the investments. WestPark acted as a placement agent for Horizon. Horizon’s manager executive, John Orlando, also was registered as a registered representative with WestPark and was branch manager of WestPark’s Fort Lauderdale office. Some of the investment losses may be due, in part, to substantial commissions collected by WestPark and significant management fees charged by Horizon’s manager.
If you have suffered losses in pre-IPO investments sold by WestPark, we are here to help. Contact us at (888) 251-2668 today to speak with an experienced securities attorney at Morgan & Morgan’s Business Trial Group.
The Business Trial Group at Morgan & Morgan helps investors recover their losses on a contingency basis. We are only paid if we successfully recover money for you. We aggressively fight for justice against brokerage firms, investment advisory firms, and banks. We have helped investors recover tens of millions of dollars of investment losses.
The Business Trial Group is part of the largest contingency law firm in the nation, with more than 500 lawyers and 50 offices.