What is this Lawsuit about?
The lawsuit alleges that Defendants Cardone Capital, LLC, Grant Cardone, Cardone Equity Fund V, and Cardone Equity Fund VI violated federal securities laws by making misleading statements or omissions in connection with the offering and sale of investments in Funds V and VI.
Defendants deny Plaintiff’s allegations, including denying that Defendants made any materially false or misleading statement or omission in violation of the federal securities laws.
At this time, the Court has not decided whether Plaintiff or Defendants are correct. Plaintiff must prove her claim in this lawsuit.
What is the current status of the Lawsuit?
The class notice administrator ("Administrator") is notifying people about the class action lawsuit.
The trial date is currently scheduled on March 9, 2027. During the trial, a jury will hear evidence to help them reach a decision about whether the Plaintiff or Defendants are right about the claims in the lawsuit.
Who is included as a Class Member?
The Court ruled that anyone who purchased or otherwise acquired an interest in Cardone Equity Fund V or VI through their public offerings is a Class Member. Excluded from the Class are Defendants and their directors, officers, employees, and agents, and anyone who opts-out of the Class per the process described in the notice.
How do I exclude myself (“Opt-Out”) from the Class?
To exclude yourself (“opt-out”) from the Class, click the link below and submit your request for exclusion by no later than July 14, 2026:
Your Legal Rights and Options
Your legal rights are affected whether or not you act. Please review the Long Form Notice carefully.
These deadlines may be moved, canceled, or otherwise modified, so please check this site often for updates.
Option | Due Date | Event |
Do Nothing |
|
(See FAQ 5 for more details.) |
Ask to be Excluded ("Opt-Out") | Deadline: July 14, 2026 |
(See FAQ 7 for more details.) |
