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[Urbi_et_Orbi]

I don't remember the amounts for each of Prosper's payment obligations under the settlement off the top of my head, but the amounts are NOT equal, so you can't simply multiply your first check by 4.

I received my settlement check today. It was for $64.63.

EDIT TO ADD

The proposed Settlement consists of four annual payments from Prosper into an escrow account (the “Settlement Fund”) out
of which an independent professional settlement administrator, Strategic Claims Services (the “Settlement Administrator), will
disburse funds to the Class Members. In exchange for a full release of claims as to all Class Members against all Defendants,
Prosper agrees to pay the total Settlement amount of $10,000,000, according to the following schedule:
• $2,000,000 within ten days of January 3, 2014, the date the Court entered its order granting preliminary approval of the
Settlement Agreement (the “Preliminary Approval Order”);
• $2,000,000 on the one-year anniversary of the Preliminary Approval Order;
3
• $3,000,000 on the two-year anniversary of the Preliminary Approval Order; and
• $3,000,000 on the three-year anniversary of the Preliminary Approval Order.

In other words, I would expect payments 3 and 4 to be a bit larger.

[DCS]

Received a check for $59 today - about 2.5% of charged off principal.  Have tax implications been discussed yet?

Earlier in this thread, Cubbies suggested it depends on how you claimed the loss the year it happened, short term or long term:
http://www.prospers.org/forum/prosper_class_action_suit_settled_for_10_million_over_3_years-t29812.0.html;msg569065#msg569065

[rogerwaite]

Received a check for $59 today - about 2.5% of charged off principal.  Have tax implications been discussed yet?

Earlier in this thread, Cubbies suggested it depends on how you claimed the loss the year it happened, short term or long term:
http://www.prospers.org/forum/prosper_class_action_suit_settled_for_10_million_over_3_years-t29812.0.html;msg569065#msg569065

Thx DCS. Would you please link this again here in the future. Say, ohhhh, 'bout April 1. 

[msava]

I don't remember the amounts for each of Prosper's payment obligations under the settlement off the top of my head, but the amounts are NOT equal, so you can't simply multiply your first check by 4.

I received my settlement check today. It was for $64.63.

EDIT TO ADD

The proposed Settlement consists of four annual payments from Prosper into an escrow account (the “Settlement Fund”) out
of which an independent professional settlement administrator, Strategic Claims Services (the “Settlement Administrator), will
disburse funds to the Class Members. In exchange for a full release of claims as to all Class Members against all Defendants,
Prosper agrees to pay the total Settlement amount of $10,000,000, according to the following schedule:
• $2,000,000 within ten days of January 3, 2014, the date the Court entered its order granting preliminary approval of the
Settlement Agreement (the “Preliminary Approval Order”);
• $2,000,000 on the one-year anniversary of the Preliminary Approval Order;
3
• $3,000,000 on the two-year anniversary of the Preliminary Approval Order; and
• $3,000,000 on the three-year anniversary of the Preliminary Approval Order.

In other words, I would expect payments 3 and 4 to be a bit larger.

So I missed the first payment which was within 10 days of January 3? Have not received this second payment either. Hmmm

[tekiegreg]

Speaking of I just got mine, a whopping $18.38.  Huzzah my kids will eat tonight!

[yankeefan]

I don't remember the amounts for each of Prosper's payment obligations under the settlement off the top of my head, but the amounts are NOT equal, so you can't simply multiply your first check by 4.

I received my settlement check today. It was for $64.63.

EDIT TO ADD

The proposed Settlement consists of four annual payments from Prosper into an escrow account (the “Settlement Fund”) out
of which an independent professional settlement administrator, Strategic Claims Services (the “Settlement Administrator), will
disburse funds to the Class Members. In exchange for a full release of claims as to all Class Members against all Defendants,
Prosper agrees to pay the total Settlement amount of $10,000,000, according to the following schedule:
• $2,000,000 within ten days of January 3, 2014, the date the Court entered its order granting preliminary approval of the
Settlement Agreement (the “Preliminary Approval Order”);
• $2,000,000 on the one-year anniversary of the Preliminary Approval Order;
3
• $3,000,000 on the two-year anniversary of the Preliminary Approval Order; and
• $3,000,000 on the three-year anniversary of the Preliminary Approval Order.

In other words, I would expect payments 3 and 4 to be a bit larger.

So I missed the first payment which was within 10 days of January 3? Have not received this second payment either. Hmmm

These checks are the first payment-  I preseume made to the agent at the appropriate time, and now distrubuted to us.

[cubbiesnextyr]

Received a check for $59 today - about 2.5% of charged off principal.  Have tax implications been discussed yet?

Earlier in this thread, Cubbies suggested it depends on how you claimed the loss the year it happened, short term or long term:
http://www.prospers.org/forum/prosper_class_action_suit_settled_for_10_million_over_3_years-t29812.0.html;msg569065#msg569065

I wouldn't trust that Cubbies guy, you should consult your own tax professional 

[Urbi_et_Orbi]

MsAva - the check I received yesterday was the first payment out to the class.

[Capital_Finance_Group]

.....

[tekiegreg]

.....

??

[rogerwaite]

.....

??

New *POOF*?

[aussie]

63.66

[msava]

Got mine. Indians will be happy tomorrow.

ETA: Oh and I'm the big winner/loser apparently my check was for a whopping $159.81

[Beerbud1]

Got mine. Indians will be happy tomorrow.

Thought you were going to tell everyone what you got?

[mothandrust]

Thought you were going to tell everyone what you got?

Speaking of which...how much did you get, Beerbud?