The Ring of a Million Dollar Settlement
Imagine sitting in your living room watching TV when your phone rings, and when you pick it up, you hear an automated message. This isn't your typical telemarketer. Nope, this is a prerecorded message from Connected Investors, a real estate investment marketplace. It seems they've dialed your number without your consent.
Well, that's exactly what happened to a lot of people, leading to a class action lawsuit against Connected Investors. They had to cough up a cool $2 million to settle claims that they violated the federal Telephone Consumer Protection Act (TCPA) by sending these unsolicited robocalls to consumers.
The Who and The What of Connected Investors
Connected Investors is not your everyday company. They're a real estate investment marketplace that offers members access to real estate listings and a library of investment information. Pretty cool, right? Except they ended up in hot water for allegedly violating the TCPA.
Now, Connected Investors hasn't admitted to any wrongdoing, but they did agree to this $2 million class action settlement to resolve the TCPA claims.
Show Me the Money
So, how does this settlement work? Well, under the terms of the robocalls settlement, consumers can receive an equal share of the net settlement fund. Each payment is estimated to be $29.10. Exact payments will vary depending on the number of participating class members and other factors such as the amount deducted for costs and fees.
Submit a Claim – Claim Instructions
If you are a member of the Settlement Class and wish to receive an award under the Settlement, you must submit a valid Claim Form so that it is received by the Settlement Administrator no later than June 17, 2023.
How to File Online:
Your Unique ID is required for login/submission. (or just use the phone number that they called you on to login) Please see email or postcard notice sent to you for your unique ID. If you do not have your ID, please contact the Settlement Administrator at 855-568-3609. If you lost the postcard notice or deleted the email, you may also log in by entering the phone number at which you received unsolicited telephone calls from Connected Investors, Inc. or affiliates.
Click the button below to get started:
How to File by Mail:
Fill out, sign, and date the Claim Form, then mail the Claim Form to the following address:
Silva v. Connected Investors TCPA Settlement
c/o Settlement Administrator
P.O. Box 4235
Portland, OR 97208-4235
Are You Eligible?
If you're now wondering if you're eligible for a piece of this settlement pie, here's the scoop. You're eligible if you received one or more prerecorded voice messages from Connected Investors about their goods and services between April 28, 2017, and September 26, 2022.
Key Dates to Remember
Here's the nitty-gritty:
- Class Period: April 28, 2017–September 26, 2022. If you received those robocalls during this time, you're part of the class.
- Deadline to Exclude Yourself from the Settlement: May 3, 2023. If you want to opt out of the settlement, mark this date on your calendar.
- Deadline to Object to the Settlement: May 3, 2023. Got something to say about the settlement? Make your voice heard by this date.
- Final Approval Hearing: June 2, 2023, at 9:00 a.m. ET. The court will hold a hearing to decide whether to approve the settlement.
- Deadline to File a Claim: June 17, 2023. If you want a piece of the settlement pie, file your claim by this date. No proof of purchase is required.
And there you have it! A tale of robocalls, a class action lawsuit, and a $2 million settlement. Let this be a reminder that even if the call is unexpected, it might just lead to an unexpected windfall.
