1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

Wolper Law Firm Is Pursuing Recovery Options On Behalf Of Investors Who Experienced Losses In The Softbank Vision Fund

The SoftBank Vision Fund is a private placement security issued by SoftBank Group Corp., a Japanese company which is operated by Chairman and Chief Executive Officer Masayoshi Son. The SoftBank Vision Fund raised approximately $100 billion in assets with an eye toward investing in several “start-up” companies.

Two of the largest investments made by the SoftBank Vision Fund were in privately held companies—WeWork and Uber—both companies that have had devastatingly poor fiscal years. In recent accounting, SoftBank Vision Fund has reportedly slashed its valuation of WeWorks by 80% after the company failed to complete its initial public offering. This has reportedly translated into losses of more than $8 billion.

In addition, SoftBank Vision Fund has written down large losses in Uber, the ride-sharing company, and Slack, an online collaboration hub for businesses. The SoftBank Vision Fund purchased majority stakes in these and other companies, which have been bleeding cash and, in turn, negatively impacting invetsors’ principal.

Proper management of private equity funds is essential to the long-term success of the fund. The fund managers have a fiduciary duty to prudently manage the assets. Moreover, Financial Advisors who recommend private equity funds have a fiduciary duty to conduct appropriate due diligence to ensure that the investment strategy is consistent with the needs and objectives of the investor. Failuire to adhere to these fiduciary responsibilities may result in legal liability for attenuating losses.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis