Prospers.ORG Prosper Forum

Advanced search  

News:

Welcome to Prospers.ORG!   Login here

Pages: 1 ... 46 47 [48] 49 50   Go Down

Author Topic: Prosper Class Action Suit Settled for $10 Million Over 3 Years  (Read 191393 times)

Risk_Reward

  • Hero Member
  • *****
  • Karma: +16/-7
  • Posts: 8803
  • [quote author=ira01 link=topic=29057.msg527926#msg
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #705 on: February 09, 2017, 02:33:13 pm »

I havent cashed any of my checks.
Logged
Real libertarian

cubbiesnextyr

  • Hero Member
  • *****
  • Karma: +253/-294
  • Posts: 26225
  • Suspended since 12/13/07
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #706 on: February 09, 2017, 02:33:34 pm »

I havent cashed any of my checks.

Any reason why not?
Logged

Risk_Reward

  • Hero Member
  • *****
  • Karma: +16/-7
  • Posts: 8803
  • [quote author=ira01 link=topic=29057.msg527926#msg
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #707 on: February 09, 2017, 02:34:04 pm »

Logged
Real libertarian

faithful_steward2

  • Newbie
  • *
  • Karma: +0/-0
  • Posts: 24
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #708 on: February 10, 2017, 07:06:17 am »

I sent an email to our counsel since I figured none of our class reps would inquiring about the missing funds from uncashed previous dispersals. Surprisingly I havent heard back.
Logged

alexpkeaton

  • Hero Member
  • *****
  • Karma: +717/-1351
  • Posts: 5563
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #709 on: February 10, 2017, 08:50:54 am »

Not worth the trouble.

You can cash them with your phone by taking a picture of them. Mail them to me and Ill do it. :)
Logged

mothandrust

  • Hero Member
  • *****
  • Karma: +3754/-8593
  • Posts: 21097
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #710 on: December 14, 2017, 11:20:23 am »

So what happens with all the money from the uncashed settlement checks?

IIRC, the checks expired after 90 days and its been 11 months.

Shouldnt that get distributed to the class members, or does Strategic Claims just pocket that?
Logged
If you're not outraged, you're not paying taxes.

Flying Missle

  • Hero Member
  • *****
  • Karma: +200/-163
  • Posts: 6742
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #711 on: December 14, 2017, 11:40:14 am »

So what happens with all the money from the uncashed settlement checks?

IIRC, the checks expired after 90 days and its been 11 months.

Shouldnt that get distributed to the class members, or does Strategic Claims just pocket that?
If the money rightfully belongs to the payee of the check, than Strategic Claims will probably have to escheat it to the state at some point.
Logged

Urbi_et_Orbi

  • Hero Member
  • *****
  • Karma: +8/-3
  • Posts: 9227
  • Suspended Since 9/3/2009
    • View Profile

cubbiesnextyr

  • Hero Member
  • *****
  • Karma: +253/-294
  • Posts: 26225
  • Suspended since 12/13/07
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #713 on: December 19, 2017, 10:00:08 am »

See page 11:
http://www.prosperclassaction.com/site2014/sites/default/files/prosperstip.pdf

So youll only get a check if your portion of the residual payment is over $10.  So someone like Muleshoes or Fred93 should have received the 5th payment.
Logged

faithful_steward2

  • Newbie
  • *
  • Karma: +0/-0
  • Posts: 24
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #714 on: February 27, 2018, 03:38:20 pm »

Is that specific to this case? Because Ive gotten "true-ups" on class actions receiving checks for less than a $1 on the true-up. Further, since there were 4 disbursements, the redistribution should have been included in each subsequent pool. e.g. Unclaimed 1 funds are added to 2, 2 to 3, and 3 to 4. Thus a fifth check would only include uncashed 4 funds.
Logged

Laramie

  • Newbie
  • *
  • Karma: +0/-0
  • Posts: 1
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #715 on: August 31, 2018, 05:18:21 am »

How many payment cycles will there be in total?
Logged

cubbiesnextyr

  • Hero Member
  • *****
  • Karma: +253/-294
  • Posts: 26225
  • Suspended since 12/13/07
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #716 on: August 31, 2018, 10:44:04 am »

How many payment cycles will there be in total?

There were 4 payments and possibly a 5th if your investments were large.

Its all completed by now though, so no more payments should be coming.
Logged

yankeefan

  • Hero Member
  • *****
  • Karma: +90/-127
  • Posts: 3439
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #717 on: September 04, 2018, 08:18:31 am »

My email from post office telling me whats coming shows a letter from the settlement agent-  maybe a final distribution?   Will let you know when the mail comes in.
Logged

Roadhawk

  • Hero Member
  • *****
  • Karma: +42/-12
  • Posts: 729
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #718 on: September 04, 2018, 04:49:48 pm »

I got a check today for $23.55.  Its for the distribution of the Net Settlement Fund to Eligible Class Members.  It goes on to say that if I dont cash it within 120 days, it will be void and subject to re-distribution. 
So, my assumption is that this is my part of other checks that havent been cashed in the past.
Logged

DCS

  • Hero Member
  • *****
  • Karma: +2/-0
  • Posts: 1581
    • View Profile
Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #719 on: September 04, 2018, 05:11:47 pm »

Got my check for $23.03! And I believe that is how my Prosper story ends.  ;)

ETA:

2014: $40.44
2015: $43.57
2016: $66.86
2017: $66.86
2018: $23.03

Total: $240.76
« Last Edit: September 17, 2018, 10:07:43 am by DCS »
Logged
Pages: 1 ... 46 47 [48] 49 50   Go Up