Gilbert v. MoneyMutual, LLC, et. al.

United States District Court, Northern District of California     |     13-cv-01171-JSW

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THE DEADLINE TO SUBMIT A CLAIM FORM EXPIRED ON AUGUST 26, 2020.


**UPDATE** Settlement payments were issued and mailed on December 28, 2020 to class members who submitted valid and timely claims to the Settlement Administrator. If you submitted a timely and valid claim and elected for direct deposit, an email was sent to the email address on file on December 28, 2020 with instructions on how to obtain your settlement payment. The deadline to redeem your Settlement payment is April 27, 2021.

If you were a California resident when you used certain websites (including MoneyMutual) to receive a payday loan from certain lenders, a class action lawsuit may affect your rights. 

why did I get this notice?

Certain records indicate that you applied for a loan by visiting certain websites affiliated with Defendants. You filled out your name, contact information in the State of California, employment and banking information, and that information was then sent to one or more potential payday lenders. The relevant lenders are CASH YES, VIP PDL SERVICES, LLC aka VIP Loan Shop, SCS PROCESSING, LLC aka Everest Cash Advance, ACTION PDL SERVICES, LLC aka Action Payday, BD PDL SERVICES, LLC aka Bottom Dollar Payday aka BD PDL Services.com LLC, INTEGRITY PDL SERVICES, LLC aka Integrity Payday Loans aka IPL Today, Fast EFNDS, LLC aka Fast Efunds, and MB Marketing, LLC. 

Judge White decided that all California residents who received a payday loan from certain lenders between February 11, 2009 and February 8, 2016 by using one of various websites (including MoneyMutual) are members of the class. 

what is the lawsuit about?

The lawsuit contends that the Defendants operated or were affiliated with certain websites used to refer potential borrowers to potential lenders. One of these websites is MoneyMutual.com. The lawsuit contends many of the lenders promoted on the websites were illegally making loans to California residents because they were not licensed to do so. 

This lawsuit is about whether Defendants violated state and federal law by assisting unlicensed lenders make loans. 

The Defendants deny they did anything wrong or that any damages should be awarded to the class. 

what does the settlement provide?

The settlement provides for a cash payment of at least $38 to each of the class member who submits a timely Claim Form. If you do not submit a Claim Form, you will receive no money and other claimants will take your share. 

A total of $675,000 will be divided among up to 17,349 class members. If everyone submits a timely Claim Form, each class member will receive about $38. However, it is likely many class members will not submit a claim, which will result in a higher payment to each claimant. For example, if 1,000 persons submit a claim, each claimant will receive $675. 

The Court will hold a Fairness Hearing on June 19, 2020 at 9:00 a.m. in Department 5 of the United States District Court, Northern District of California, 1301 Clay Street, Oakland, CA 94612. The date and time of this hearing may change without further notice to the class. 

At this hearing the Court will consider whether the settlement is fair, reasonable, and adequate. If there are objections, the Court will consider them. Judge White will listen to people who have asked to speak at the hearing. The Court may also decide how much to pay Class Counsel and Plaintiffs. After the hearing, the Court will decide whether to approve the settlement. We do not know when the Judge will issue his decision. 

WHAT ARE MY OPTIONS?

DO NOTHING

You will be automatically included in this settlement, will release claims but you will be not be paid any money. You need to submit a timely Claim Form if you want to receive money.

SUBMIT A CLAIM BY
AUGUST 26, 2020

You must submit the Claim Form by August 26, 2020 or you will forfeit your right to be paid. 

If you submit a claim, you will: 
• Stay in the lawsuit 
• Receive at least $38 
• Give up certain rights

Please submit your claim form electronically here on this website or mail in your completed claim form to CPT Group, Inc. Do not send your ID and passcode or submit a claim directly to Counsel.

EXCLUDE YOURSELF by may 28, 2020 

If you want to exclude yourself from the settlement, you need to submit a written request by following the procedures set forth in section 11 of the full Notice

If you exclude yourself, you will: 
• Get out of this lawsuit 
• Receive no compensation 
• Keep any right to sue individually 

Object to the settlement by may 28, 2020 

If you want to object to the settlement, you need to submit a written request by following the procedures set forth in section 17 of the full Notice

If you exclude yourself, you will: 
• Stay in this lawsuit 
• Receive at least $38 
• Be allowed to file court papers and appear before the Judge explaining why you do not like the settlement 

You will still have to submit a claim or you will forfeit your right to be paid 

CPT GROUP, Inc.

50 Corporate Park, Irvine, CA 92606

Email: MoneyMutualSettlement@cptgroup.com

CONTACT INFORMATION

Toll-Free Class Member Support:
1-888-992-0599

Copyright 2018 CPT Group, Inc. All Rights Reserved.