Published On: Tue, May 13th, 2014

Class Action Law Suit against Mexican Financial Institutions

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Seeking investors in Casas GEO, many invested with Actinver or Multiva and lost or will lose their money, we need to register you as investors in the bankruptcy proceedings so you will get paid and not scammed by the banks that offered these “good” investments using words like “guarantee” and then denied many investors instructions to sell before the bottom fell out of these investments.

Once registered then you can participate in the voting and approval of a plan to try and get a portion of your money back.

On April 15, 2014 judge Enrique Gonzalez Meyenberg from the 6th Civil Federal District Court in Mexico City in case number 216/2014, signed a judgment declaring Casas GEO and 15 of their subsidiaries to be found in the situation of what would be similar to a Chapter 11 bankruptcy.

Here in Mexico the standard is if the company doesn´t have sufficient liquid assets to cover a minimum of 80% of debt that is due and payable OR 100% of their debt that is due and payable and 35% of it for more than 30 days unpaid.

The law governing this type of case is the “Ley Federal  de Concursos Mercantiles“.

There is a 30 day time limit in which to be recognized as a creditor after the publication of the bankruptcy decree.

IFECOM (Instituto Federal de Especialistas de Concursos Mercantiles) has named a conciliator in this case, Tomas S. Heather and his role is to prepare the list of creditors to whom Casas GEO and their subsidiaries owe money to and then to negotiate a payment agreement between the creditors and the company who is in reorganization.

Many banks were also investors and people need to protect their rights and register as creditors so that they have a voice and vote to be repaid and not have their bank who sold them the bad investment get the upper hand.

The banks do have a clear conflict of interest in this matter and from what has been reported back to me the banks have been giving misleading and not current  information.


For any information regarding this subject please contact Spencer’s Office SC, Abogados in Guadalajara, Jalisco, México; to the following email or phone numbers:

Email (Guadalajara – / Chapala or call my office ASAP (Guadalajara – 33-1592-3801 US 805-563-3300 / Chapala 376-765-7553 US 805-683-4848) as time is limited, you will also need your original investment contract.

The two attorneys who will be coordinating the efforts will be Lic. Alheli Jimenez Vazquez in Chapala and Fidel Roberto Perez in Guadalajara.

gdl office pic

Lic. Spencer Richard Mc Mullen is an attorney and translator in the Guadalajara area of Mexico with a specialty degree in Civil and Business Procedure from the Universidad Panamericana as well as 6 postgraduate degrees, is an authorized state court translator and an attorney certified by the National Corporate Bar Association (ANADE).

Mr. McMullen´s practice covers banking, taxation, immigration, civil matters as well as issues involving the large foreign community

Spencer’s Office SC, Abogados
Lic. Spencer Richard McMullen, Titular
Perito Traductor / Official Court Translator / Abogado
Hidalgo #230
Colonia Centro
Chapala, Jalisco, México 45900
Office (376)765-7553
US VOIP (805)683-4848
US Fax (805)880-0454
Skype: Legal_and_ImmigrationPablo Neruda #3055 Int. 302
Colonia Providencia
Guadalajara, Jalisco
US VOIP (805)563-3300

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