Lifestyle Asset Group (LAG) is a company that sells co-ownership opportunities in luxury vacation homes. LAG has been sued by multiple investors who allege that the company made false and misleading statements about the risks and rewards of investing in LAG properties.
Allegations in the Lawsuits
The lawsuits against LAG allege that the company:
- Misrepresented the financial performance of LAG properties
- Failed to disclose the high costs associated with owning and maintaining LAG properties
- Misrepresented the ease with which investors could sell their LAG ownership interests
Current Status of the Lawsuits
The lawsuits against LAG are still ongoing. In 2023, a federal judge denied LAG’s motion to dismiss the lawsuits. LAG has appealed the judge’s decision to the U.S. Court of Appeals for the Tenth Circuit.
What Investors Should Do
If you are an investor in LAG, you should carefully review the allegations in the lawsuits and consult with an attorney to discuss your legal options. You may be entitled to recover damages if LAG engaged in fraudulent or deceptive practices.
FAQs
Q: What is the Lifestyle Asset Group lawsuit about?
A: The Lifestyle Asset Group lawsuit alleges that the company made false and misleading statements about the risks and rewards of investing in LAG properties.
Q: Who is eligible to join the Lifestyle Asset Group lawsuit?
A: Investors in LAG properties may be eligible to join the lawsuit.
Q: What damages can investors recover in the Lifestyle Asset Group lawsuit?
A: Investors may be entitled to recover damages for financial losses they incurred as a result of LAG’s alleged fraudulent or deceptive practices.
Q: What is the deadline to join the Lifestyle Asset Group lawsuit?
A: The deadline to join the lawsuit will vary depending on the specific circumstances of the case. However, it is important to contact an attorney as soon as possible to discuss your legal options.
Q: How much does it cost to join the Lifestyle Asset Group lawsuit?
A: There is no upfront cost to join the lawsuit. Attorneys who represent investors in the lawsuit typically work on a contingency basis, meaning they only get paid if the investors are successful in their case.
Q: What are the chances of winning the Lifestyle Asset Group lawsuit?
A: The chances of winning the lawsuit will depend on the specific facts of the case. However, the fact that the judge denied LAG’s motion to dismiss is a positive sign for investors.
Conclusion
The Lifestyle Asset Group lawsuit is still ongoing, but it is an important development for investors who have lost money due to LAG’s alleged fraudulent or deceptive practices. If you are an investor in LAG, you should carefully review the allegations in the lawsuits and consult with an attorney to discuss your legal options.
References
- Otero v. Lifestyle Asset Management, LLC et al: https://dockets.justia.com/docket/colorado/codce/1:2020cv03760/203250
- W2 Kauai, LLC v. LifeStyle Asset Mgmt.: https://casetext.com/case/w2-kauai-llc-v-lifestyle-asset-mgmt-llc
- Lifestyle Asset Group: Co-Ownership of Vacation Homes: https://www.lifestyleassetgroup.com/
