{"id":383585,"date":"2020-11-17T21:03:30","date_gmt":"2020-11-18T02:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383585"},"modified":"2020-11-17T21:03:30","modified_gmt":"2020-11-18T02:03:30","slug":"deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\/","title":{"rendered":"DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Cardone Capital, LLC and Encourages Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  17, 2020  (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of interests in Cardone Equity Fund V, LLC (\u201cFund V\u201d) and Cardone Equity Fund VI, LLC (\u201cFund VI\u201d). Investors have until November 20, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">Click <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TiVE7cA4kNY87L5nx1QFbIKkkCAsFjMRatPUEtnlqRNkHhoZQmK3KUErB3eoxW8pXvgBhuCLQ5uneseDRNz7Kg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a> to participate in the action.<\/p>\n<p align=\"justify\">Cardone Capital provides real estate investment opportunities to the so-called \u201ceveryday investor\u201d through real estate crowdfunding. According to Cardone Capital\u2019s website, Cardone Capital \u201cfinds the deals, negotiates the purchase and financing, and closes the deal,\u201d generating rental payments from creditworthy tenants to pay monthly cash distributions to investors.<\/p>\n<p align=\"justify\">The <em>Cardone Capital<\/em> class action lawsuit alleges that, in addition to certain \u201ctest the waters\u201d communications, defendants made materially false and misleading statements regarding: (1) whether investors would obtain a 15% internal rate of return on their investments; (2) the amounts of monthly distributions they would receive; and (3) investors\u2019 debt obligations. The class action lawsuit further alleges that defendants made materially false and misleading statements in the offering documents and omitted to state material facts relating to how the acquisition of properties to be owned by Fund V and Fund VI would be financed and the interest Cardone Capital would charge the funds for loaning \u201cthe aggregate principal balance\u201d to acquire those properties. Cardone Capital also represented to investors that it would pay monthly distributions based on cash flows from operations when, in fact, Cardone Capital suspended monthly distributions in April 2020.<\/p>\n<p align=\"justify\">If you purchased interests in Cardone Equity Fund V, LLC and Cardone Equity Fund VI, LLC, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TWIc37dZ7JsdCXZ4Kg-bl3HqbyUMFEGCJ2uDOb1aHkCwZBw7EMF0I8upDpSWKst0DYnDYRm0Bheslg1POJUY81C7mKFwB3DsdVs2XT4Oyuc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@bespc.com<\/u><\/a>, telephone at (212) 355-4648, or by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kNrS5kBjqvkzSs1eCkzG8qMIBJMoiiDz5b2KaFjBMWdgN3F7tZ_QDwM6XlKhrKGscCICAyRSCJGY44iY9qSevq0MCkf8gKbMmrdkwfIHtcKpUywcXNjmRAjDq2Tbha0G\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>filling out this contact form.<\/u><\/a> There is no cost or obligation to you.<\/p>\n<p align=\"justify\">\n        <strong>About <\/strong><br \/>\n        <strong>Bragar<\/strong><br \/>\n        <strong>Eagel<\/strong><br \/>\n        <strong> &amp; Squire, P.C.:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ox4F_6okMJLWpO9x7Rkf8G178VINAHRAF2DeqtHDvrS8Rc-AF7cC8NvJUC7Whvjm7nDUwEu3orAoz9kImaTzkA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>Contact Information:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C.<br \/>Brandon Walker, Esq.<br \/>Melissa Fortunato, Esq.<br \/>Marion Passmore, Esq.<br \/>(212) 355-4648<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TWIc37dZ7JsdCXZ4Kg-bl3HqbyUMFEGCJ2uDOb1aHkCZoyiAskV08_nYI5QPkET4JhWcB0qxRTL0emTg_dsyKvJH_gvAk2uaX-qrwfIMR2A=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@bespc.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ox4F_6okMJLWpO9x7Rkf8ExEHDFZO9Pe1LqBeR1uWePhsPxz2VTL7TFTqF5Q_YEdC4loXT0eELWK5x_SYsqcFw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bespc.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Nzk3MyMzODMyNDU3IzIxMDAzOTg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e2387cc2-b16c-46b7-b513-44f6221d13b4\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of interests in Cardone Equity Fund V, LLC (\u201cFund V\u201d) and Cardone Equity Fund VI, LLC (\u201cFund VI\u201d). Investors have until November 20, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. Cardone Capital provides real estate investment opportunities to the so-called \u201ceveryday investor\u201d through real estate crowdfunding. According to Cardone Capital\u2019s website, Cardone Capital \u201cfinds the deals, negotiates the purchase &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Cardone Capital, LLC and Encourages Investors to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383585","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. 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According to Cardone Capital\u2019s website, Cardone Capital \u201cfinds the deals, negotiates the purchase &hellip; Continue reading &quot;DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Cardone Capital, LLC and Encourages Investors to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T02:03:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Nzk3MyMzODMyNDU3IzIxMDAzOTg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. 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According to Cardone Capital\u2019s website, Cardone Capital \u201cfinds the deals, negotiates the purchase &hellip; Continue reading \"DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Cardone Capital, LLC and Encourages Investors to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-18T02:03:30+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4Nzk3MyMzODMyNDU3IzIxMDAzOTg=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-cardone-capital-llc-and-encourages-investors-to-contact-the-firm-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DEADLINE ALERT: Bragar Eagel &amp; Squire, P.C. 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