Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
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:
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, 2017Proof of Purchase:
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.
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: $1,571,676Class Representative Proposed Incentive Fee:
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
P.O. Box 6878
Broomfield, CO 80021