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Author Topic: Prosper Class Action Suit Settled for $10 Million Over 3 Years  (Read 440590 times)

loanuniverse

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #660 on: February 16, 2016, 01:51:14 pm »

Got mine. Probably been there for a week or so just never got around to collecting and opening the mail at my old house.
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mothandrust

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #661 on: December 22, 2016, 11:40:17 am »

It's getting close to that most wonderful time of the year...
Quote
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.
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Xenon481

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #662 on: December 22, 2016, 02:26:49 pm »

Our final payment is coming soon!

Urbi_et_Orbi

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #663 on: December 25, 2016, 03:56:42 pm »

Yay!  I hope it has all helped to make things more right for everyone involved, and gave some measure of closure to those for whom closure was needed.



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https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

Fred93

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #664 on: December 29, 2016, 05:04:11 pm »

Will they pay on time this year?

cubbiesnextyr

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #665 on: December 29, 2016, 06:18:02 pm »

Will they pay on time this year?

I suppose someone should call and remind them ahead of time so they don't forget again.
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mothandrust

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #666 on: December 29, 2016, 07:58:21 pm »

I thought Prosper lenders weren't allowed to call people that owe us money asking them to pay. :)
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Urbi_et_Orbi

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #667 on: January 13, 2017, 09:36:22 pm »

FWIW, looks like Prosper has made their payment. 
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https://www.prospers.org/forum/index.php?topic=37264.msg807090#msg807090

bluestar148

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #668 on: January 14, 2017, 04:10:20 am »

FWIW, looks like Prosper has made their payment.

Let us see how long it takes for the jokers to get it to us.
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mothandrust

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #669 on: January 25, 2017, 01:29:42 pm »

22 days late so far.

The first payment was due within 10 days of the January 3 order, but subsequent payments are due on the anniversary date of the order.

They could have paid it early, like in November 2016 or December 2016, or they could have waited until very last minute and paid on January 3, 2017.

ETA 1/27:  Got my $67.47 today.  This sentence is here so John Witchel has to read it.
« Last Edit: January 27, 2017, 02:52:57 pm by mothandrust »
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DCS

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #670 on: January 25, 2017, 02:57:07 pm »

Got my $66.86 in the mail today. Check dated 1/23.

ETA: No increase this year...
2014: $40.44
2015: $43.57
2016: $66.86
2017: $66.86
« Last Edit: January 25, 2017, 03:03:20 pm by DCS »
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Mtnchick

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #671 on: January 25, 2017, 03:53:47 pm »

Got my $66.86 in the mail today. Check dated 1/23.

ETA: No increase this year...
2014: $40.44
2015: $43.57
2016: $66.86
2017: $66.86

I think that's how it's supposed to be? Isn't this the last payment?
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MsTabbyKats

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #672 on: January 25, 2017, 05:07:40 pm »

I got $113.50 today!
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rogerwaite

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #673 on: January 25, 2017, 05:23:28 pm »

 $70.08

Didnt remember it being that much last year. Had to be, but a nice surprise anyway.
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ira01

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Re: Prosper Class Action Suit Settled for $10 Million Over 3 Years
« Reply #674 on: January 25, 2017, 05:33:19 pm »

Nothing for me so far.   :'(
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