Trading was halted by NASDAQ in United Development Funding IV on February 18, 2016 after share prices dropped to $3.20 per share. The Peiffer Wolf securities attorneys Jason kane and Joe Peiffer are investigating the matter and are prepared to take action on behalf of United Development Funding investors.
Suspension in the trading in United Development Funding IV came after the Federal Bureau of Investigation raided the United Development Funding office in Texas earlier on February 18, 2016. Previously, United Development Funding disclosed that it was part of a Securities and Exchange Commission investigation that started April 2014.
The recent issues involving United Development Funding come after hedge fund manager Kyle Bass launched udfexposed.com to share his belief that United Development Funding is running a “Ponzi-like” real estate investment scheme.
If you lost money as a result of your investment in any United Development Funding program, you may be able to recover you losses. Unlike other law firms, we are seeking to assist United Development Funding investors who invested before 2014 in addition to those who invested in 2014 and later. The Peiffer Wolf investor rights lawyers take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of their United Development Funding investment may contact the investor rights lawyers at Peiffer Wolf , Jason kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.