A settlement has been reached in a class action lawsuit against Build Realty, Inc.; Edgar Construction, LLC; Cincy Construction, LLC; McGregor Holdings, LLC; Cowtown Holdings, LLC; Build NKY, LLC; Greenleaf Support Services, LLC; Build SWO, LLC; Gary Bailey; George Triantafilou; G2 Technologies, LLC; GT Financial, LLC; and First Title Agency, Inc. (collectively “Defendants”).
Judge Douglas R. Cole of the United States District Court for the Southern District of Ohio is overseeing this class action. The case is called Compound Property Management LLC, et al. v. Build Realty, Inc. d/b/a Greenleaf Funding, et al., Case No. 1:19-cv-133 (S.D. Ohio). The individual entities who filed this lawsuit (known as the “Plaintiffs”) contend that Defendants violated the federal Racketeer Influenced and Corrupt Organizations Act (“RICO Act”) and breached fiduciary duties while engaging in a property-flipping business. Defendants completely deny Plaintiffs’ allegations.
The Members of the Class are Plaintiffs and all other persons and entities in Ohio and Kentucky, individually and collectively, that invested in real property and were named as beneficiaries to a trust created through a real estate transaction engaged in by, through, or with any of the Defendants named herein during the Class Period. The Class Period is February 1, 2013, through May 24, 2019.
The following are expressly excluded from the Class and not entitled to settlement benefits: Defendants and their past or present officers, employees, agents, directors, lawyers, and immediate family members; judicial officers and their immediate family members and associated Court staff assigned to this case; and any entities owned or controlled by an individual excluded from the Class.
Pursuant to a settlement reached between the Plaintiffs and the Defendants, a $1,300,000 Settlement Fund will be established for distribution to eligible Class Members. Although the exact amount of each payment will depend on factors such as the total number of claims approved, it is estimated that each valid claimant will receive between $1,600 and $20,000. To receive this payment, you must submit a claim form on or before August 4, 2025, by following the instructions below. Your legal rights are affected regardless of whether you act or do not act. Please read the Notice carefully.
Your Legal Rights and Options in This Settlement | |
Submit a Claim Form | This is the only way to receive money from this Settlement. The deadline to submit a Claim Form is August 4, 2025. |
Exclude Yourself from the Settlement | You will receive no payment, but you will retain any rights you currently have with respect to Defendant and the issues in this case. You may download an exclusion form, here. The deadline to exclude yourself from the Settlement is July 7, 2025. |
Object to the Settlement | Write to the Court explaining why you do not agree with the Settlement. The deadline to object is July 7, 2025. |
Attend the Final Approval Hearing | You may ask the Court for permission for you or your attorney to speak about your objection at the Final Approval Hearing. The Final Approval Hearing will be held on October 16, 2025, at 11:00 a.m. |
Do Nothing | You get no payment and you give up rights. |
These rights and options—and the deadlines to exercise them—are explained on the FAQs page. For complete details, please see the Settlement Agreement, whose terms control, available here.
The Court in charge of this case still has to decide whether to approve the Settlement. No Settlement benefits or payments will be provided unless the Court approves the Settlement and it becomes final.
Upcoming Important Dates
Objection Deadline
7/7/2025
Opt Out Deadline
7/7/2025
Claim Deadline
8/4/2025
Final Approval Hearing
10/16/2025 at 11:00 a.m.