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What is the Ashcroft Capital lawsuit about?
The Ashcroft Capital lawsuit, officially titled <em data-start=”48″ data-end=”82″>Cautero v. Ashcroft Legacy Funds, was filed on February 12, 2025, by a group of 12 accredited investors. They allege that Ashcroft Capital misrepresented financial projections, failed to disclose material risks, and breached fiduciary duties, resulting in over $18 million in damages.
<b data-start=”336″ data-end=”355″>Key Allegations
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<strong data-start=”360″ data-end=”391″>Inflated Return Projections: The plaintiffs claim that Ashcroft Capital overstated Internal Rate of Return (IRR) projections by 4–6% in marketing materials, including private placement memorandums, webinars, and emails.
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<strong data-start=”588″ data-end=”619″>Inadequate Risk Disclosures: The lawsuit alleges that the firm failed to disclose significant financial risks, such as balloon payments, variable-rate loans, and renovation delays, which were critical for investors to make informed decisions.
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<strong data-start=”839″ data-end=”886″>Continued Fee Charges Amid Underperformance: Despite underperforming assets, Ashcroft Capital allegedly continued to charge sponsor and management fees, even during periods when properties failed to meet operational benchmarks or cash distributions were paused.
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<strong data-start=”1109″ data-end=”1137″>Breach of Fiduciary Duty: The investors assert that Ashcroft Capital breached its fiduciary duty by prioritizing its own interests over those of the investors, leading to financial losses.
This information has been taken from ashcroftcapitallawsuits.com
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