ANNOUNCEMENT FROM THE RECEIVER – February 12, 2015
On February 10, 2015, the Court granted the Receiver’s Motion for Class Certification in the lawsuit Bell v. Disner et al., Case No. 3:14-cv-91 (W.D.N.C.). In that case, the Receiver alleges that because ZeekRewards’ Net Winners “won” (the victims) money in an unlawful combined Ponzi and pyramid scheme, the Net Winners are not permitted to keep their winnings and must return the fraudulently transferred winnings to the Receiver for distribution to the ZeekRewards victims. A copy of the Order certifying the class and the initial Complaint in the lawsuit are available at the following links:
Order Certifying Defendant Class
Complaint in Bell v. Disner, et al.
Specifically, the Court certified a defendant class (the “Net Winner Class”) comprised of all persons and entities (approximately 9,400 in total) who were “net winners” of more than $1000 in ZeekRewards. By this ruling, each of the members of the Net Winner Class becomes a defendant in the case. An updated list of those persons and entities that RVG records show to be Net Winners of more than $1000 is available here.
The Receiver believes that the certification of the Net Winner Class will provide the most fair and efficient process to resolve these legal claims and recover more funds for victims. The Court determined that “a class action is the only means to reasonably and efficiently resolve the Receiver’s claims against 9,400 net winners.” In addition, the Court found that the proposed class representatives (the named defendants) and their counsel are able to fairly and adequately represent the interests of the defendant class. However, any member of the Net Winner Class may of course consult personal counsel to advise them on their legal rights.
The Receiver looks forward to moving ahead in this lawsuit and the others he has filed to maximize the recovery of funds for the benefit of ZeekReward’s victims.