NEW YORK, Jan. 31, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the 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"). The lawsuit seeks to recover damages for RealtyShares investors under the federal securities laws.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
According to the lawsuit, defendants' solicitation of investors made false and/or misleading statements and/or failed to disclose that: (1) defendants had not done effective due diligence to substantiate Franchise Growth's "track record" or "extensive experience"; and (2) 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. According to the lawsuit, as a result of the dissemination of the false and misleading statements, investors were damaged.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 17, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1760.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney advertising. Prior results do not guarantee a similar outcome.