Topic: CoinLenders Lawsuit - page 12. (Read 25376 times)
I'm in aswell; 75.98128219 still in CL
I'm in!
AWESOME lol Can't wait to see this down the road.
8.7 Balance and I'd be interested...if they take an amount from the winning that'd be alright I'd get 4 BTC back instead of 1.1 or whatever TF would give, though I would settle if he'll ever contact me back >.> I'm in a bad spot now for that BTC which I wasn't in earlier
332.2162344:CL
I am interested
Thank you!
EDIT:
Just read trough the site of imf. They do work in asia as well.
It won't cost if there is no success.
They will get 25-45% success fee of the recovered amount.
If they freeze the assets that do belong to him and maybe the btc adresses which we can figure out are his.
Don't know how much they know about working on btc though.
if WE ALL WORK TOGETHER we are at about 5m aud.
I think that sounds better than waiting for TF to maybe talk again one day.. and it wont cost if there is no refund
I am interested
Thank you!
EDIT:
Just read trough the site of imf. They do work in asia as well.
It won't cost if there is no success.
They will get 25-45% success fee of the recovered amount.
If they freeze the assets that do belong to him and maybe the btc adresses which we can figure out are his.
Don't know how much they know about working on btc though.
if WE ALL WORK TOGETHER we are at about 5m aud.
I think that sounds better than waiting for TF to maybe talk again one day.. and it wont cost if there is no refund
Below is an email from an attorney in Sydney who I found through on online search so I cannot personally vouch for him or his law firm although his resume looks respectible.
Date: Fri, 22 Nov 2013 17:36:54 +1100
Subject: RE: Action Required:
Dear [dwdoc]:
Thank you for your email.
Having regard to the cost of pursuing a claim for USD 100,000 or so in this jurisdiction (which, frankly, would be out of all proportion to the amount in dispute as commercial litigation is very expensive here), I think that it would be much better to explore the possibility of bringing a class action together with other complainants from the bitcoin community. Although there are differences, class actions work in Australia in a way which is broadly similar to how they work in the USA.
I should also mention that lawyers in this jurisdiction are prohibited by law from acting on a contingency fee basis (i.e. to enter into a costs agreement whereby the amount payable to the law practice was calculated by reference to the amount of any award or settlement that may be recovered in any proceedings to which the agreement related).
However, some firms in this jurisdiction (ours not being one) are content to act on a “no win, no fee” basis.
Class actions here are often financed by litigation funders, which will pay all of the costs of the action but will expect a “success fee” which is typically between 25% and 45% of what is recovered. The leading Australian litigation funder is IMF:
http://www.imf.com.au/
We know the senior personnel at IMF (including their Chairman and Managing Director) very well and we could facilitate an introduction if you were able to assemble sufficient other complainants to get a class action together. In that regard, one would normally need at least 7 plaintiffs in order to commence a class action but IMF operates at the big end of the market and is generally interested only in claims worth $5 million or more. There may, however, be other litigation funders who would be interested.
Regards,
EDIT: Attorney has asked me to remove public display of his contact information at this early stage until level of interest is determined. PM me for details if desired.
Thoughts? Alternatives?
If this lawsuit is an option for you then please alert gaston909 or post here. He is keeping track of CL balances due.
https://bitcointalksearch.org/user/gaston909-86471
Date: Fri, 22 Nov 2013 17:36:54 +1100
Subject: RE: Action Required:
Dear [dwdoc]:
Thank you for your email.
Having regard to the cost of pursuing a claim for USD 100,000 or so in this jurisdiction (which, frankly, would be out of all proportion to the amount in dispute as commercial litigation is very expensive here), I think that it would be much better to explore the possibility of bringing a class action together with other complainants from the bitcoin community. Although there are differences, class actions work in Australia in a way which is broadly similar to how they work in the USA.
I should also mention that lawyers in this jurisdiction are prohibited by law from acting on a contingency fee basis (i.e. to enter into a costs agreement whereby the amount payable to the law practice was calculated by reference to the amount of any award or settlement that may be recovered in any proceedings to which the agreement related).
However, some firms in this jurisdiction (ours not being one) are content to act on a “no win, no fee” basis.
Class actions here are often financed by litigation funders, which will pay all of the costs of the action but will expect a “success fee” which is typically between 25% and 45% of what is recovered. The leading Australian litigation funder is IMF:
http://www.imf.com.au/
We know the senior personnel at IMF (including their Chairman and Managing Director) very well and we could facilitate an introduction if you were able to assemble sufficient other complainants to get a class action together. In that regard, one would normally need at least 7 plaintiffs in order to commence a class action but IMF operates at the big end of the market and is generally interested only in claims worth $5 million or more. There may, however, be other litigation funders who would be interested.
Regards,
EDIT: Attorney has asked me to remove public display of his contact information at this early stage until level of interest is determined. PM me for details if desired.
Thoughts? Alternatives?
If this lawsuit is an option for you then please alert gaston909 or post here. He is keeping track of CL balances due.
https://bitcointalksearch.org/user/gaston909-86471
/following
Have you checked your Signature lately...WHY ARE YOU STILL PUSHING INPUTS???
I have all signatures disabled, so wasn't something I even thought about. Fixed.
I have about 4.97 bitcoins in Coinlenders, a bit more than that if you count all the digits, but that's roughly the amount. Can you give an estimate on how much the lawsuit would cost per person? Given the current price of a bitcoin, I'd be willing to spend a couple hundred US dollars on the lawsuit, but if I'd have to pay much more than that, it'd get to be a large enough percentage that I'm inclined to just write it off as a dumb investment and expect not to see the money again.
/following
Have you checked your Signature lately...WHY ARE YOU STILL PUSHING INPUTS???
/following
I though TF is going to payback everyone the principle for coinlenders?
Nobody knows.
information regarding how much/when/if CL depositors will get btc back is nonexistent at this point.
With TradeFortress' alarming lack of transparency and direction, coupled with his highly suspicious actions surrounding the alleged hack on October 23rd, I've decided that I want to start legal proceedings against him.
At this time, it seems that a class action lawsuit would be most appropriate, but I am open to the idea of pressing criminal charges.
If anyone in this forum knows of a good lawyer that could handle this case competently and at a competitive price, please let me know. If you have any other relevant information or advice, kindly post it below.
If you are an American that has a significant deposit at CoinLenders and would like to join me in litigation proceedings against TradeFortress please drop me an email at this address;
[email protected]
At this time, it seems that a class action lawsuit would be most appropriate, but I am open to the idea of pressing criminal charges.
If anyone in this forum knows of a good lawyer that could handle this case competently and at a competitive price, please let me know. If you have any other relevant information or advice, kindly post it below.
If you are an American that has a significant deposit at CoinLenders and would like to join me in litigation proceedings against TradeFortress please drop me an email at this address;
[email protected]
I though TF is going to payback everyone the principle for coinlenders?
Update: Since I have settled with TradeFortress for 199.383 bitcoins, I no longer have any standing in a case against him. If someone wants to take over, then please let me know and I'll point people in your direction.
With TradeFortress' alarming lack of transparency and direction, coupled with his highly suspicious actions surrounding the alleged hack on October 23rd, I've decided that I want to start legal proceedings against him.
At this time, it seems that a class action lawsuit would be most appropriate, but I am open to the idea of pressing criminal charges.
If anyone in this forum knows of a good lawyer that could handle this case competently and at a competitive price, please let me know. If you have any other relevant information or advice, kindly post it below.
With TradeFortress' alarming lack of transparency and direction, coupled with his highly suspicious actions surrounding the alleged hack on October 23rd, I've decided that I want to start legal proceedings against him.
At this time, it seems that a class action lawsuit would be most appropriate, but I am open to the idea of pressing criminal charges.
If anyone in this forum knows of a good lawyer that could handle this case competently and at a competitive price, please let me know. If you have any other relevant information or advice, kindly post it below.
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