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RealtyShares, Inc Investor Securities Class Action Lawsuit

  • If you purchased a securities of RealtyShares, Inc.: (1) relating to loans involving Franchise Growth, LLC; (2) including the loan regarding the Church's Chicken in Owensboro, KY; (3) or relating to Ingersoll Financial, LLC (the Nationwide SFR Package ), you may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Security

Case Name
RealtyShares Shareholder Class Action Lawsuit
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Massachusetts

Class Period Begin
Class Period End
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Summary

December 16, 2020 - The court granted the defendants' motion to stay pending the bankruptcy proceedings.
August 5, 2020 - The defendants filed a petition for bankruptcy relief in the Northern District of California.

March 5, 2020 - An amended complaint was filed.

January 17, 2020 - An investor, who purchased securities of RealtyShares, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by RealtyShares, Inc in connection with certain allegedly false and misleading statements.

According to the complaint the plaintiff alleges that the defendants’ solicitation of investors made false and/or misleading statements and/or failed to disclose that defendants had not done effective due diligence to substantiate Franchise Growth’s track record or extensive experience , and that the loans were not structured to protect investors insofar as the proceeds were not disbursed in a series of installments, spread over time so that the loan-to-cost ratio would at all times be kept within acceptable parameters.