Prospers.ORG Prosper Forum

Advanced search  

News:

Welcome to Prospers.ORG!   Login here

Pages: 1 ... 4 5 [6] 7 8 ... 16   Go Down

Author Topic: Prosper class action update (for lobby)  (Read 120778 times)

Beerbud1

  • Guest
Re: Prosper class action update (for lobby)
« Reply #75 on: May 30, 2012, 04:34:02 am »
Quote
These days lawyers list agreeable aquaintences as plaintiffs willing to be figureheads in a suit

Have you done any research on the Plaintiffs? Do you have any idea who they are? Choose your words carefully as you know not what you say!
Logged

mothandrust

  • Hero Member
  • *****
  • Karma: +4916/-11170
  • Posts: 22955
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #76 on: May 30, 2012, 11:58:10 am »
Quote from: havastat on May 29, 2012, 11:55:13 pm
It's not uncommon for class actions these days to be started by lawyers for the benefit of lawyers. These days lawyers list agreeable aquaintences as plaintiffs willing to be figureheads in a suit that ends with the lawyers getting big fees, and the class getting maybe a $5 coupon off a new purchase as their "relief."

The plaintiffs are real; I had posted some past cases that Rosen had done on another thread, and their fees are enormous, but aren't all lawyers fees?

How much we get (and who gets it) is unclear, e.g.

- If you can close to breaking even (+/- 5% either way) then a $5 coupon gets you something.

- If you went "Muleshoes" on Prosper and lost 50%, then the ability to have the company repurchase your defaulted loans, pay you 7% interest, minus 1/3 for the lawyers means you've only lost about 20% on the bad loans.

Although my Prosper losses are small, I lost about $650 heavily concentrated in the dandelion.ranch loan, so if I could put that out back to Prosper and get $400, then I am about even on the whole thing.
Logged
"Fake quotes will ruin the internet" -- Benjamin Franklin

NewHorizon

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3914
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #77 on: May 30, 2012, 03:00:45 pm »
Quote from: mothandrust on May 30, 2012, 11:58:10 am
The plaintiffs are real; I had posted some past cases that Rosen had done on another thread, and their fees are enormous, but aren't all lawyers fees?

Kinda too late to say so, I s'pose, but IIRC, Rosen posted in this forum the day after the SEC came down on Prosper.  Seemed a bit spammy to me.  But anyway, to my knowledge, nobody shopped around. So here they are.
Logged

God-Father

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3189
  • Pay up!
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #78 on: May 30, 2012, 05:55:51 pm »
Quote from: pkrosenlegal on November 25, 2008, 01:32:28 pm
Attorney advertising.  I am an attorney with the Rosen Law Firm, and we focus on prosecuting securities class actions.  Recently it was announced that Prosper had violated the Securities Act of 1933 by transacting in unregistered securities.   

We are investigating a potential civil securities class action against Prosper on behalf of any person or entity that has lost money in offering loans using the Prosper platform since Prosper's inception in January 2006.  Such persons and entities may be able to recover their losses from their loans because the loans may have resulted from unregistered securities.

If you would like to discuss your legal options, or wish to assist our investigation please do not hesitate to contact us.

Attorney Advertising.  Past results do not guarantee a similar outcome.

Phillip Kim, Esq.
The Rosen Law Firm, P.A.
350 5th Avenue, Suite 5508
New York, New York 10118
email: pkim@rosenlegal.com
tel: (212) 686-1060
Logged

bamalucky

  • Hero Member
  • *****
  • Karma: +426/-426
  • Posts: 42809
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #79 on: May 30, 2012, 06:18:16 pm »
Quote from: bamalucky on November 25, 2008, 03:19:37 pm
Call me crazy but this guy seems desperate for business,shady,spammy,sleazy & downright hinky.

I think he's just what we need.  ;D ;D ;D
Logged
There are no stupid questions, just stupid people.

autoloads

  • Newbie
  • *
  • Karma: +0/-0
  • Posts: 31
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #80 on: May 30, 2012, 07:06:27 pm »
For some reason, I haven't received a notice yet.
Logged

mothandrust

  • Hero Member
  • *****
  • Karma: +4916/-11170
  • Posts: 22955
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #81 on: May 31, 2012, 02:21:52 am »
Quote from: bamalucky on November 25, 2008, 03:19:37 pm
Call me crazy but this guy seems desperate for business,shady,spammy,sleazy & downright hinky.

I think he's just what we need.  ;D ;D ;D

Indeed, ducks was right again.  bama is our prophet.
Logged
"Fake quotes will ruin the internet" -- Benjamin Franklin

NewHorizon

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3914
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #82 on: May 31, 2012, 09:00:14 am »
Quote from: autoloads on May 30, 2012, 07:06:27 pm
For some reason, I haven't received a notice yet.

If you're reasonably sure you're in the "Class", then I guess maybe wait just a couple more days to see if it shows up in snail-mail.  If still nothing, a call to SCS may prove informative.  Then maybe post an update...?
Logged

bamalucky

  • Hero Member
  • *****
  • Karma: +426/-426
  • Posts: 42809
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #83 on: May 31, 2012, 01:22:35 pm »
Nothing here either
Logged
There are no stupid questions, just stupid people.

NewHorizon

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3914
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #84 on: May 31, 2012, 01:39:46 pm »
Quote from: bamalucky on May 31, 2012, 01:22:35 pm
Nothing here either

It would surprise no one if you got banned from the Class.   ;D
Logged

warhola

  • Hero Member
  • *****
  • Karma: +29/-6
  • Posts: 531
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #85 on: June 01, 2012, 12:32:30 pm »
I got it via snail mail today.
Logged

God-Father

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3189
  • Pay up!
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #86 on: June 01, 2012, 03:55:33 pm »
Snail mail for me too.
Logged

NewHorizon

  • Hero Member
  • *****
  • Karma: +0/-0
  • Posts: 3914
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #87 on: June 02, 2012, 06:31:44 am »
Got a notice via snail-mail too - in addition to the Email received last weekend.
(No, I don't have more than one Prosper account.)
Logged

dlv1945

  • Hero Member
  • *****
  • Karma: +28/-8
  • Posts: 1558
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #88 on: June 02, 2012, 07:53:50 am »
Quote from: NewHorizon on June 02, 2012, 06:31:44 am
Got a notice via snail-mail too - in addition to the Email received last weekend.
(No, I don't have more than one Prosper account.)
I got both too.
Logged
We Americans are the ultimate innocents.
We are forever desperate to believe that this time the government is telling us the truth.
-- Sydney Schanberg

rain - reign - rein.
there - they're - their.
There's a difference.
-- Grammar police

Mtnchick

  • Hero Member
  • *****
  • Karma: +1973/-1063
  • Posts: 34374
    • View Profile
Re: Prosper class action update (for lobby)
« Reply #89 on: June 02, 2012, 08:39:37 am »
I changed my info with Prosper when I saw all this and then with the lawsuit site on the 29th. Have only received verification of the changes from the lawsuit site. Nothing else via email or USPS
Logged
Classic comment from Urbi to a poster who said they were leaving:

"Once again, we note that your threats are hollow and you come across like a sad, lonely blowhard.

I doubt anyone here gives a shit about you.  We pretty much all know that you are a vile and unethical parasite of a human being with an abnormal craving for attention."
Pages: 1 ... 4 5 [6] 7 8 ... 16   Go Up
« previous next »