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Author Topic: Prosper Class Action Suit Settled for $10 Million Over 3 Years  (Read 4043478 times)

bluestar148

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #300 on: May 11, 2014, 05:22:05 am »

I found them to be working. There is a typo error in the judges final payment approval. It says Hellum gets 12,00.
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NewHorizon

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #301 on: May 11, 2014, 07:48:25 am »

All the "view" files I click are not working.

IIRC, I had similar issues only when using the Firefox browser.
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loanuniverse

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #302 on: May 11, 2014, 12:19:30 pm »

Correct me if I am wrong, but the plaintiffs mentioned are only the lead plaintiffs that get additional compensation for being lead. The rest of us will get something or nothing, but we will be the only ones to know. Right?
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Beerbud1

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #303 on: May 11, 2014, 01:25:09 pm »

Correct me if I am wrong, but the plaintiffs mentioned are only the lead plaintiffs that get additional compensation for being lead. The rest of us will get something or nothing, but we will be the only ones to know. Right?

Correct! There is no master list that is published...AfAIK
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Capital_Finance_Group

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #304 on: June 12, 2014, 05:35:50 pm »

Question - does anyone know when the first payments on the Settlement can be expected in our mail boxes?
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Xenon481

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #305 on: June 12, 2014, 05:39:24 pm »

Question - does anyone know when the first payments on the Settlement can be expected in our mail boxes?

Supposedly, someone was told by the people that run ProsperClassAction.com that the first checks are supposed to arrive "by the end of summer".

bamalucky

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #306 on: June 16, 2014, 08:40:13 pm »

One new filing giving one of the class $5,500
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msava

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #307 on: July 07, 2014, 02:41:42 pm »

Will people be sharing how much they received from the action, or is this going to be another big controversy?
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rogerwaite

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #308 on: July 07, 2014, 09:54:29 pm »

Will people be sharing how much they received from the action, or is this going to be another big controversy?

I plan on sharing the amount. In fact, if it's enough I'll buy both of us a coffee. Well, maybe a sweet tea. My AC is out at the moment.
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Xenon481

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #309 on: July 07, 2014, 09:57:29 pm »

Will people be sharing how much they received from the action, or is this going to be another big controversy?

I'll share the knowledge of whatever I receive.

Roadhawk

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #310 on: July 08, 2014, 06:08:39 pm »

I'll share but I'm small beans compared to many of you.
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Fred93

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #311 on: July 25, 2014, 10:41:00 am »

When should we start writing letters to the judge saying the lawyers are holding our money longer than is reasonable?  How hard can it be to hire a firm to print checks?

divindj

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #312 on: July 26, 2014, 03:57:26 pm »

When should we start writing letters to the judge saying the lawyers are holding our money longer than is reasonable?  How hard can it be to hire a firm to print checks?

i'm not sure if any money has even been paid yet and have always assumed after the lawyer fees are finished being awarded there will be $0.00 left for us :-/
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Fred93

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #313 on: July 26, 2014, 06:56:58 pm »

i'm not sure if any money has even been paid yet

I don't think so.  I sent an email to the address on the web site, and got a reply that said they were planning to send checks by the end of summer.  They didn't say what year  :D

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and have always assumed after the lawyer fees are finished being awarded there will be $0.00 left for us :-/

You are wise.  I just got a check for an unrelated investment loss that involved IMHO fraud and negligence and (I'm hunting for kind words).  Five years after the event, a check from the class action suit has arrived, and it is for 0.0028 x my loss.   I think I'll go cash it this afternoon. 

ira01

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #314 on: July 27, 2014, 03:32:13 am »

I'm pretty sure that's exactly what they said (and which was posted here) a month or so ago.  And since it is not even remotely the end of summer yet, I'm not sure why you are getting your panties in a wad.  If no checks are received in another month and a half or so, then that will be plenty of time to raise questions.  Until then, not so much. 

As for your other class action settlement, it is certainly true that some class action settlements provide little of value to the class (although judges have been starting to crack down on that the last couple of years). But this isn't like that.  IMHO, the class attorneys and the class representatives did an excellent job achieving a result considerably better than most class settlements.

ETC:  OK, I think I added back the gist of my original post accidentally deleted by Fred. 
« Last Edit: July 27, 2014, 06:37:30 pm by ira01 »
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