Brokerpriceopinion Unpaid Brokers Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

Brokerpriceopinion.com, Inc., First Valuation, LLC, First Valuation Services, LLC, First Valuation Technology, LLC, Cartel Asset Management, LLC, Walter Coats, and ValuTech, Inc. have agreed to a settlement allotting over a million dollars to pay brokers who completed broker price opinions on their behalf but were not paid in accordance with their agreements. The amount will be paid over a four-year period, and the companies have also agreed to change their business practices so that in the future brokers are paid in a timely manner. 

Docket Number:

1:13-CV-03258-PAB-KMT

Company: BrokerPriceOpinion.com Inc.

Filing Deadline: October 31, 2017

Class Period: December 2, 2007 to August 2, 2017

Objection Deadline: October 31, 2017

Exclusion Deadline: October 31, 2017

Proof of Purchase:

No

Eligibility:

You may be eligible if you provided broker price opinions to one of the entities below, between December 2, 2007 and August 2, 2017, and were not paid in accordance with the terms of payment.

  • Brokerpriceopinion.com, Inc.
  • First Valuation, LLC
  • First Valuation Services, LLC
  • First Valuation Technology, LLC
  • Cartel Asset Management, LLC
  • Walter Coats
  • ValuTech, Inc. 
Typical Settlement Amount:

Varies; all persons who submit valid claim forms will receive a share of the net settlement fund in proportion to the amounts they are due. The full amount will be paid over a period of four years.

Total Settlement Amount: $1,571,676

Class Representative Proposed Incentive Fee:

$5,000

Law Firms:
Berens Law LLC
Law Offices of Stefan Coleman LLC
Terrell Marshall Daudt & Willie PLLC

Claim Form: Brokerpriceopinion Settlement Claim Form

Case Name: Wornicki, et al. v. Brokerpriceopinion.com, et al.

Settlement Website: Brokerpriceopinion Settlement Website

Claims Administrator:
JND

Claims Administrator Contact Information:

Brokerpriceopinion Settlement
Claims Administrator – JND
P.O. Box 6878
Broomfield, CO 80021
1-888-551-9797

Tags: Employment Violations, Failure to Pay for Work or Services Rendered