We have received notice that Walter Coats filed for Chapter 7 bankruptcy on December 30, 2019. Defendants have failed to make their scheduled payment into the settlement fund. We will provide more information as it becomes available.
About this Case:
TMLG filed suit on behalf of licensed real estate professionals against Brokerpriceopinion.com and other companies to recover compensation for unpaid work performed. Plaintiffs Kathy Wornicki, Edward Laine, and proposed Class members provided “broker price opinions” for Defendants by assessing real estate. Plaintiffs allege Defendants are obligated to pay them for their work, pursuant to their agreement. Defendants have, however, unlawfully refused to pay Plaintiffs and Class Members in accordance with these payment terms.
Plaintiffs filed the case in December 2013. Plaintiffs filed their motion for class certification in October 2015, which the Court granted in September 2016. In early 2017, the parties reached an agreement to settle the claims of Plaintiffs and all Class Members for $1,567,000. The Court granted preliminary approval of the proposed Settlement Agreement on August 2, 2017. Settlement Notice was sent to Class Members on September 1, 2017.
The Settlement Class includes all persons and entities who provided broker price opinions on behalf of Brokerpriceopinion.com, Inc., First Valuation, LLC, First Valuation Services, LLC, First Valuation Technology, LLC, Cartel Asset Management, LLC, Walter Coats or ValuTech, Inc. between December 2, 2007 and August 2, 2017 and who have not been paid for their services in accordance with Defendants’ terms of payment.
For more information about the Settlement, and to file a Claim online, please visit the Settlement website: www.brokerpricesettlement.com.
Case Contact Information:
Brokerpriceopinion Settlement Claims Administrator
PO Box 6878
Broomfield, CO 80021