Mousey
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Post by Mousey on Apr 26, 2019 15:42:11 GMT
News from the court: An Order of Mr Justice M***** dated 25 April 2019 was made in the vacation/urgent business list in Court 10
I've requested a copy of this order but likely to arrive on Monday.
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Mousey
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Post by Mousey on Apr 30, 2019 10:01:25 GMT
Great News:
IT IS DECLARED THAT: 1. The Second to Fifth Claimants’ claim against the Third to Seventh Defendants was struck out at 4.01pm on 1 April 2019, pursuant to paragraph 9(a) of the January 2019 Order.
2. On 3 April 2019, upon the filing of the witness statement of C**** D***, there was judgment for the Third and Fourth Defendants dismissing the claim of the Second to Fifth Claimants against the Third and Fourth Defendants, pursuant to paragraph 9(b) of the January Order.
3. On 3 April 2019 it was ordered that the Second to Fifth Claimants should pay the Third and Fourth Defendants’ costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
4. On 4 April 2019, upon the filing of the witness statement of S**** D*** R*** there was judgment for the Fifth to Seventh Defendants dismissing the claim of the Second to Fifth Claimants against the Fifth to Seventh Defendants, pursuant to paragraph 9(b) of the January Order. 5. On 4 April 2019 it was ordered that the Second to Fifth Claimants should pay the Fifth to Seventh Defendants costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
AND IT IS ORDERED THAT:
6. The costs of today’s hearing shall be added to costs ordered to be paid on 3 April 2019 as set out in paragraph 3 above to be assessed if not agreed. DATED THIS 25 DAY OF APRIL 2019
ETA: The claimants are various parties of the borrower.
Defendants:
1+2 are the lenders (3) LENDY LIMITED (4) SAVING STREAM SECURITY HOLDING LIMITED 5,6,7 are the receivers.
You will note that we are not mentioned but we were never joined to the claim.
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adrianc
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Post by adrianc on Apr 30, 2019 10:22:18 GMT
Great News:
IT IS DECLARED THAT: 1. The Second to Fifth Claimants’ claim against the Third to Seventh Defendants was struck out at 4.01pm on 1 April 2019, pursuant to paragraph 9(a) of the January 2019 Order.
2. On 3 April 2019, upon the filing of the witness statement of C**** D***, there was judgment for the Third and Fourth Defendants dismissing the claim of the Second to Fifth Claimants against the Third and Fourth Defendants, pursuant to paragraph 9(b) of the January Order.
3. On 3 April 2019 it was ordered that the Second to Fifth Claimants should pay the Third and Fourth Defendants’ costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
4. On 4 April 2019, upon the filing of the witness statement of S**** D*** R*** there was judgment for the Fifth to Seventh Defendants dismissing the claim of the Second to Fifth Claimants against the Fifth to Seventh Defendants, pursuant to paragraph 9(b) of the January Order. 5. On 4 April 2019 it was ordered that the Second to Fifth Claimants should pay the Fifth to Seventh Defendants costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
AND IT IS ORDERED THAT:
6. The costs of today’s hearing shall be added to costs ordered to be paid on 3 April 2019 as set out in paragraph 3 above to be assessed if not agreed. DATED THIS 25 DAY OF APRIL 2019
Can you remind us who's which claimant and who's which defendant...? I've lost track...
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invester
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Post by invester on Apr 30, 2019 10:49:28 GMT
Does this mean this is the end of the fun and games for these chancers?
Any prospect on us investors seeing some money back, or are we going to be massively disappointed in another overvalued asset?
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warn
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Post by warn on Apr 30, 2019 13:49:58 GMT
Any prospect on us investors seeing some money back, or are we going to be massively disappointed in another overvalued asset? My guess would be both -- they're not mutually exclusive.
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Kyrios
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Post by Kyrios on Apr 30, 2019 14:08:12 GMT
Thanks Mousey Great find, as always.
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TenKay
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Post by TenKay on Apr 30, 2019 18:01:44 GMT
Great News:
IT IS DECLARED THAT: 1. The Second to Fifth Claimants’ claim against the Third to Seventh Defendants was struck out at 4.01pm on 1 April 2019, pursuant to paragraph 9(a) of the January 2019 Order.
2. On 3 April 2019, upon the filing of the witness statement of C**** D***, there was judgment for the Third and Fourth Defendants dismissing the claim of the Second to Fifth Claimants against the Third and Fourth Defendants, pursuant to paragraph 9(b) of the January Order.
3. On 3 April 2019 it was ordered that the Second to Fifth Claimants should pay the Third and Fourth Defendants’ costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
4. On 4 April 2019, upon the filing of the witness statement of S**** D*** R*** there was judgment for the Fifth to Seventh Defendants dismissing the claim of the Second to Fifth Claimants against the Fifth to Seventh Defendants, pursuant to paragraph 9(b) of the January Order. 5. On 4 April 2019 it was ordered that the Second to Fifth Claimants should pay the Fifth to Seventh Defendants costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
AND IT IS ORDERED THAT:
6. The costs of today’s hearing shall be added to costs ordered to be paid on 3 April 2019 as set out in paragraph 3 above to be assessed if not agreed. DATED THIS 25 DAY OF APRIL 2019
ETA: The claimants are various parties of the borrower.
Defendants:
1+2 are the lenders (3) LENDY LIMITED (4) SAVING STREAM SECURITY HOLDING LIMITED 5,6,7 are the receivers.
You will note that we are not mentioned but we were never joined to the claim.
oh my, i didn't think i would ever have to try and understand all this legalese when i naively started to lend my hard earned through a p2p company
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adrianc
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Post by adrianc on Apr 30, 2019 18:21:10 GMT
Great News:
IT IS DECLARED THAT: 1. The Second to Fifth Claimants’ claim against the Third to Seventh Defendants was struck out at 4.01pm on 1 April 2019, pursuant to paragraph 9(a) of the January 2019 Order.
2. On 3 April 2019, upon the filing of the witness statement of C**** D***, there was judgment for the Third and Fourth Defendants dismissing the claim of the Second to Fifth Claimants against the Third and Fourth Defendants, pursuant to paragraph 9(b) of the January Order.
3. On 3 April 2019 it was ordered that the Second to Fifth Claimants should pay the Third and Fourth Defendants’ costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
4. On 4 April 2019, upon the filing of the witness statement of S**** D*** R*** there was judgment for the Fifth to Seventh Defendants dismissing the claim of the Second to Fifth Claimants against the Fifth to Seventh Defendants, pursuant to paragraph 9(b) of the January Order. 5. On 4 April 2019 it was ordered that the Second to Fifth Claimants should pay the Fifth to Seventh Defendants costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
AND IT IS ORDERED THAT:
6. The costs of today’s hearing shall be added to costs ordered to be paid on 3 April 2019 as set out in paragraph 3 above to be assessed if not agreed. DATED THIS 25 DAY OF APRIL 2019
ETA: The claimants are various parties of the borrower.
Defendants:
1+2 are the lenders (3) LENDY LIMITED (4) SAVING STREAM SECURITY HOLDING LIMITED 5,6,7 are the receivers.
You will note that we are not mentioned but we were never joined to the claim.
oh my, i didn't think i would ever have to try and understand all this legalese when i naively started to lend my hard earned through a p2p company Basically, the whole lot's been binned, and everybody who got taken to court should get their costs paid. 1. The claim's been thrown out against everybody because they didn't do the first bit of what they were told to do in January. 2. The claim against Ly's been thrown out because they didn't do the second bit of what they were told to do in January. 3. The claimants have to pay Ly's legal costs. 4. The claim against the receivers has been thrown out because they didn't do the second bit of what they were told to do in January. 5. The claimants have to pay the receivers' legal costs. I forget whether the first or the second bit was to lodge the money with the court to cover costs, but suspect the second. And we were never officially part of it anyway, so nothing to throw out against us. Because we were never part of it, we haven't been awarded costs.
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MarkT
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Post by MarkT on Apr 30, 2019 18:42:06 GMT
I wonder who will be reimbursing those who signed up with HCR?
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jo
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Post by jo on Apr 30, 2019 19:53:14 GMT
Imagine how weird I thought it was that lender data wasn’t ordered to be destroyed. (Full disclosure: I don’t even know if that’s a thing that could be ordered).
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Mucho P2P
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Post by Mucho P2P on Apr 30, 2019 22:08:40 GMT
Imagine how weird I thought it was that lender data wasn’t ordered to be destroyed. (Full disclosure: I don’t even know if that’s a thing that could be ordered). Yes, it is something that can be ordered by the Court. But do you think that lendy would even be bothered about requesting that on our behalf?
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adrianc
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Post by adrianc on May 1, 2019 7:06:08 GMT
I wonder who will be reimbursing those who signed up with HCR? Nobody. They did so voluntarily. They were never part of any case. I could be worried that you might sue me next week over this post. If I went to a lawyer to get advice, would there be any expectation you'd pay when it turned out you weren't going to sue me? Imagine how weird I thought it was that lender data wasn’t ordered to be destroyed. (Full disclosure: I don’t even know if that’s a thing that could be ordered). It'd already be illegal for them to retain it, let alone use it.
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agent69
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Post by agent69 on May 1, 2019 8:44:33 GMT
I wonder who will be reimbursing those who signed up with HCR? I'm wondering who will be reimbursing Ly and the receivers. Do the claimants have any money?
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boundah
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Post by boundah on May 1, 2019 9:17:41 GMT
Great News:
IT IS DECLARED THAT: 1. The Second to Fifth Claimants’ claim against the Third to Seventh Defendants was struck out at 4.01pm on 1 April 2019, pursuant to paragraph 9(a) of the January 2019 Order.
2. On 3 April 2019, upon the filing of the witness statement of C**** D***, there was judgment for the Third and Fourth Defendants dismissing the claim of the Second to Fifth Claimants against the Third and Fourth Defendants, pursuant to paragraph 9(b) of the January Order.
3. On 3 April 2019 it was ordered that the Second to Fifth Claimants should pay the Third and Fourth Defendants’ costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
4. On 4 April 2019, upon the filing of the witness statement of S**** D*** R*** there was judgment for the Fifth to Seventh Defendants dismissing the claim of the Second to Fifth Claimants against the Fifth to Seventh Defendants, pursuant to paragraph 9(b) of the January Order. 5. On 4 April 2019 it was ordered that the Second to Fifth Claimants should pay the Fifth to Seventh Defendants costs of the claim to be assessed if not agreed, pursuant to paragraph 9(b) of the January Order.
AND IT IS ORDERED THAT:
6. The costs of today’s hearing shall be added to costs ordered to be paid on 3 April 2019 as set out in paragraph 3 above to be assessed if not agreed. DATED THIS 25 DAY OF APRIL 2019
ETA: The claimants are various parties of the borrower.
Defendants:
1+2 are the lenders (3) LENDY LIMITED (4) SAVING STREAM SECURITY HOLDING LIMITED 5,6,7 are the receivers.
You will note that we are not mentioned but we were never joined to the claim.
Great news. This should help those of us in the loan to sleep better at night. Maybe our mate Liam too - in my naively optimistic way, I'd like to think he can now focus better on recoveries.
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sydb
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Post by sydb on May 1, 2019 9:39:43 GMT
I wonder who will be reimbursing those who signed up with HCR? I'm wondering who will be reimbursing Ly and the receivers. Do the claimants have any money? That's the big question, and has been all along. Not so much now, 'do they have any money' but 'can any money be extracted'.
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