Ten years ago I gave my brother in law money to invest in stock of a company he works for. He has paid me some money back over the years, but we had an oral contract for him to give me stock and he never has. He is divorcing my sister and I fear he will stop paying me anything. He has not said he won't, but he said I can't sue him due to the Statues of Limitations and Statues of Fraud. Is there any way around this? The SOL for oral contracts here is 4 years. I have copies of checks I gave him for the original investment, and copies of payment checks he has given me, but he says those are just loan repayments and denies we had a contract to give me stock.
I didn't give him a loan -- I gave him money to buy shares and he won't give them to me! He sometimes gives me money when he gets distributions, but not always. The stock has gone up 10x. Is there anything I can do? My sister said I should go on and sue him and that she will side with me but, again.
I didn't give him a loan -- I gave him money to buy shares and he won't give them to me! He sometimes gives me money when he gets distributions, but not always. The stock has gone up 10x. Is there anything I can do? My sister said I should go on and sue him and that she will side with me but, again.