r/MoneyLion

Updates for Getting Payment on the Rivian $250 million Settlement
▲ 18 r/MoneyLion+15 crossposts

Updates for Getting Payment on the Rivian $250 million Settlement

Hey guys, if you missed it, Rivian settled $250 million with investors over claims that it failed to disclose the true cost of producing its vehicles. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2022, Rivian was accused of misleading investors about its vehicle pricing and production costs. In short, the company promoted its R1T pickup and R1S SUV as competitively priced electric vehicles, but investors later alleged that Rivian was losing substantial amounts of money on each vehicle sold and failed to clearly disclose how severe the cost gap was. As supply-chain issues and material costs increased, Rivian announced major price hikes that sparked customer backlash and raised concerns about the company’s financial outlook.

Now, the good news is that the company agreed to settle $250 million with them, and even though the deadline has passed recently, they’re accepting late claims.

So, if you invested in $RIVN when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in $RIVN at that time? How much were your losses, if so?

u/11thestate — 3 days ago
▲ 11 r/MoneyLion+6 crossposts

Hey guys, if you missed it, TD Asset Management settled CAD $70.25M  with investors over claims it charged improper trailing commissions. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2023, TD Asset Management was accused of charging investors fees for advisory services that were not actually provided. In short, certain mutual fund investors paid trailing commissions through discount brokers despite receiving no advice.

After this news came out, the stock dropped, and investors filed a lawsuit for their losses.

Now, the good news is that the company agreed to settle CAD $70.25M  with them, and even though the deadline has passed recently, they’re accepting late claims.

So, if you invested in $TD when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in $TD at that time? How much were your losses, if so?

u/JuniorCharge4571 — 2 days ago

Help? Instacash

I am a pretty intelligent person but I can’t seem to figure out how to get insta cash on here? My bank is connected but when I go to this, it wants me to link my payroll, etc. ?? Any suggestions or a way around this?

u/Savageinsecond — 4 days ago

Unable to login via app

I am able to login via the web browser. But anytime I login via my phone. It does the phone security check then gives me this error.

I've already contacted support for assistance but nothing worked thus far. Hoping someone else more technical can help.

I've tried:

- reinstalling app.

- clearing data on app.

- restarting phone.

- checking my phone is up to date.

- attempted using a different wifi connection.

This is a 'new' phone. Mostly a 2nd hand transfered device. I don't want to put my Sim card until I have transferred everything but this is giving me concern. Any advice or ideas?

u/Old-Chemical-6881 — 6 days ago
▲ 146 r/MoneyLion+88 crossposts

Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.

What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.

A $500,000 settlement has been reached and terms are now submitted to the court for approval.

Who qualifies?

Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.

Can I still apply?

Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.

If you were damaged by this don't forget to check your eligibility. GL!

u/JuniorCharge4571 — 9 days ago

Secured loan

I owe 680 left on my secured loan from money lion. If I pay the remaining balance will it release the loan funds immediately to my money lion debit card? Or would I have to wait?

reddit.com
u/kdfromdawest — 6 days ago