Freedom Investment Club, Ltd. purports to offer investment opportunities to members who join the club.

According to the Complaint filed March 23, 2010, the securities sold by the Defendants were offered and promoted under high-pressure sales seminars by so-called investment gurus.

The securities offered by the Defendants were "Property Contracts" which they purported to yield "cash flows" within six months. The Complaint alleges the Defendants failed to register the securities and made other misrepresentations and omissions in connection with the sale of such securities.

On April 23, 2010, the Defendants filed a motion to transfer the case to the U. S. District Court District of Utah. The motion was granted on October 15, 2010. On March 18, 2011, the Plaintiff filed a First Amended Complaint. The Defendants responded by filing motions to dismiss in September and October 2011.

On April 16, 2012, Plaintiffs filed a Second Amended Complaint.

On April 18, 2012, the Court issued an Order granting in part and denying in part Defendants' motions to dismiss. Plaintiffs were granted leave to file an Amended Complaint.

On August 5, 2013, the Court issued an Order granting the motion to dismiss certain Defendants (including the issuer Defendant) pursuant to Rule 41(a)(2). On the same date, the Court also issued an Order staying this case.