Subscribed for shares and sustained loss

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Reference no: EM13862562

Ajeet promised shares issued by Flordia Ltd. The prospectus of Flordia Ltd. included a statement which was misrepresentative in the forms and contents. On the faith of the prospectus believing it to be a true, Ajeet subscribed for shares and sustained loss. Can Ajeet sue for reimbursement of loss? If so, who will be sued for such loss?

Reference no: EM13862562

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