CROSSROADS DMD, DMD’S I, II, III, IV, V and SUN COUNTRY
APRIL 3, 2018 UPDATE
We wanted to update investors to advise that we have been forced into Ceasing to Act as a result of a conflict of interest that has been created in this litigation. When this action was started, we had a representative for each specific MIC group, to ensure each group had a distinct voice for that group. We had all of the representative plaintiffs swear affidavits to work together despite any potential conflicts. Unfortunately, after our action was started, Caplink, the IFM for Crossroads, started its own action which is only on behalf of the Crossroads investors. This eventually resulted in a conflict between our various investors, despite the prior agreement to work together. We tried to get the groups to continue to agree to work together, but that did not prove successful. We cannot prefer one set of clients over another, so we are forced to cease to act. We have instructed your representatives to seek alternate legal counsel to determine how best to proceed with your interests. So you will likely hear from alternate counsel in the future. We regret this situation arose, but it is not one of our own making. We wish you all the best of luck with your new counsel.