Statutes of Limitation Tolling Agreement Available Upon Request for Apple REIT Investors

As part of our ongoing investigation of David Lerner Associates and the unsuitable sales of Apple REITs, our attorneys are concerned that Apple REIT investors are being lulled into a false sense of security, and that when FINRA arbitration claims finally are filed, David Lerner Associates will argue that they are too late. These are called statutes of limitation and arguably apply not just when an investor knew of wrongdoing, but also when an investor should have known of wrongdoing.  In short, we believe DLA reps are being told to tell investors just to hang on, because it is a win-win for DLA, and is bad advice for investors.

To counter this problem, investors need to file claims now for rescission (full investment plus interest, attorneys' fees, etc.) OR have David Lerner Associates sign a Tolling Agreement.  A tolling agreement is like a time out.  It is an effective way to stop the running of the statutes of limitation.

If David Lerner Associates has done nothing wrong and/or is convinced that the values will be $11 per share, then they should have no problem whatsoever signing this tolling agreement. Of course, if they refuses to sign, investors then will know that what our attorneys are telling you is accurate and good advice, and that you should file a claim.

Please contact our attorneys today at 312-332-0000 to receive a copy of the Tolling Agreement.