You may be entitled to a monetary payment in the proposed Settlement if you are a citizen of the United States who lent money to Diversified Financing LLC, Sonoqui LLC or any of the ALT Money Investments LLC, ALT Money Investments II, LLC, ALT Money Investments III LLC, ALT Money IV LLC and in exchange you received a promissory note and/or membership interest issued by Diversified, Sonoqui or any of the ALT Money Investments entities indicating that the money would thereafter be loaned to Collins Asset Group, LLC (the “Class”).
The Court-appointed Class Representatives, on behalf of themselves and all members of the Class, and Collins Asset Group, LLC (“CAG”) have reached a proposed settlement of the claims in this class action in the amount of $15,755,000 (the “Settlement”).
Participate in the Settlement and file a claim:If you are a Class Member, to be eligible to share in the distribution of the net Settlement, you must submit a Claim Form with Reasonable Documentation as defined in the Settlement Agreement and in accordance with the instructions set forth in the Order Preliminarily Approving Settlement and Providing For Notice dated January 13, 2021, by May 13, 2021. If you are a Class Member and do not timely submit a valid Claim Form, you will not be eligible to share in the distribution of the net Settlement, but you will nevertheless be bound by all judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable.
Exclude yourself from the Settlement:If you are a Class Member and wish to exclude yourself from the Class, you must submit a written request for exclusion in accordance with the instructions set forth in the Order Preliminarily Approving Settlement and Providing For Notice dated January 13, 2021, such that it is postmarked no later than April 3, 2021. If you properly exclude yourself from the Class, you will not be bound by any judgments or orders entered by the Court relating to the Settlement, whether favorable or unfavorable, and you will not be eligible to share in the distribution of the Settlement.
Object or comment on the Settlement:Any objections to the proposed Settlement, Class Counsel’s Fee and Expense Application, and/or the proposed Plan of Allocation must be filed with the Court or with the Settlement Administrator instructions set forth in the Order Preliminarily Approving Settlement and Providing For Notice dated January 13, 2021, such that it is postmarked no later than April 3, 2021.
Court’s Approval Hearing:An approval hearing shall take place before the Court on Tuesday, June 15, 2021 at 1:30 p.m in Courtroom 1708 of the United States District Court for the Northern District of Georgia, located at the Richard B. Russell Federal Building and United States Courthouse, 75 Ted Turner Drive, SW, Atlanta, Georgia 30303-3309 to determine whether: (a) the proposed settlement class should be certified for settlement purposes pursuant to Rule 23; (b) the settlement should be approved as fair, reasonable, and adequate and, in accordance with the settlement's terms, this matter should be dismissed with prejudice; (c) class counsel's application for attorneys' fees and expenses should be approved; (d) the application for the class representatives to receive service awards should be approved; and (e) any other matters the Court deems necessary and appropriate will also be heard. You do NOT need to attend the Settlement Hearing to receive a distribution from the net Settlement.
IF YOU ARE A MEMBER OF THE CLASS, YOUR RIGHTS WILL BE AFFECTED BY THE PROPOSED SETTLEMENT.
These rights and options — and the deadlines to exercise them — are explained further in the Notice of Proposed Settlement of Class Action and the Settlement Agreement.
The Court in charge of this case still must decide whether to approve the Settlement. Payments will be made if the Court approves the Settlement and after any appeals are resolved.
Further information regarding the Settlement may be obtained by contacting Class Counsel:
The Doss Firm, LLC
Jason R. Doss
The Brumby Building
127 Church Street, Suite 220
Marietta, Georgia 30060
Phone: 770-578-1314
Web: www.dossfirm.com
Levine, Kellogg, Lehman, Schneider + Grossman, LLP
Jason L. Kellogg
201 South Biscayne Boulevard, 34th Floor
Miami, FL 33131
Phone: 305-403-8788
Web: www.lklsg.com