This is a class action on behalf of a class of all persons and entities that purchased or otherwise acquired equity securities in the form of membership interests in pooled investment vehicles (“Equity Funds”) and all persons and entities that purchased debt securities in the form of promissory notes issued by Defendants’ lending subsidiaries (“Debt Funds”) solicited by the Defendants or any other promoter acting on their behalf between March 2014 and September 2021.

The Complaint alleges that Defendants Resolute Capital Partners LTD., LLC, Homebound Resources, LLC, and the individual Defendants sold more than $250 million worth of unregistered equity and debt securities to retail investors during the Class Period. The Complaint further alleges that Plaintiffs did not know and could not have known that they were defrauded by Defendants until September 24, 2021, when the SEC's Cease-and-Desist Order was entered against the Defendants, and that the SEC’s September 24, 2021 Cease-and-Desist Order was the first public notice that investors with Defendants may have fallen victim to the parties’ fraud.

On March 3, 2023, Plaintiff dismissed the claims against one of the Defendants.