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RealtyShares Inc. : Debt Securities

Case Summary

RealtyShares Inc. : Debt Securities Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 01/17/2020 (Date of last review)

Filing Date: January 17, 2020

According to the Complaint, RealtyShares owned and operated an online investment platform for real estate crowd funding services. The RealtyShares Platform enabled investors to purchase shares in private real estate investments, provided investors access to a range of real estate investment options and allowed users to browse, view, finalize, and manage real estate investments online.

The Complaint arises out of Defendants' solicitation of investors in 2016 to purchase debt securities relating to a loan to Ingersoll Financial, LLC and in or around 2018 to purchase debt securities relating to loans involving Franchise Growth, LLC, including a loan involving a Church's Chicken in Owensboro, Kentucky. The Complaint alleges that in soliciting these investments, Defendants knowingly or recklessly misrepresented material facts and/or omitted to state material facts necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading, in violation of federal and state law.

Company & Securities Information

Defendant: RealtyShares Inc.

COMPANY INFORMATION:

Sector: Financial
Industry: Misc. Financial Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market:
Market Status:

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Walter Raudonis, et al. v. RealtyShares Inc., et al.

COURT: D. Massachusetts
DOCKET #: 20-CV-10107
JUDGE: Hon. Patti B. Saris
DATE FILED: 01/17/2020
CLASS PERIOD START: 06/01/2016
CLASS PERIOD END: 08/25/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Shapiro Haber & Urmy LLP (Boston - Seaport Lane)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint 01/17/2020
2 U.S. District Court Civil Docket 01/17/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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