The failure in communication is often referred to in the investor forums regarding the Ashcroft Capital Lawsuit. According to plaintiffs, Ashcroft has been updating quarterly but the updates were delayed, vague, or optimistic not revealing important operational or financial information. Limited partners argue that, they only get to know of underperforming their part much later when problems have already been noted making informed decision making impossible. Honest communication and effective communication in the cases of the private equity and syndication deals is a necessity and one of the main points of this case in the courts is the lack of timely and detailed reporting.
What Is the relevance of communication issues in the Ashcroft Capital Lawsuit?
by Accounts Era -
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