Quote from: senseless on January 07, 2014, 03:34:51 AM

Quote from: MrTeal on January 07, 2014, 03:07:12 AM

Quote from: fenwick on January 07, 2014, 12:40:24 AM

Hi all.

* Anybody not in Batch 1, don't read this.
* Anybody in Batch 1 who believes that HashFast is going to do the right thing voluntary, without a gentle nudge from us, don't read this.
* Anybody in Batch 1 who believes that the right way to deal with HashFast is to open more communication channels with them, don't read this.

For the rest of you:

I have found a lawyer who is willing to take our case, and help us get our BTC back, if we can cooperate.)

The name is Ray E. Gallo.

Please make up your minds about him; I think he is great. (85% winning percentage, and specialized in class and mass actions alleging large scale fraud.)

Some data:

http://gallo-law.com/attorneys/gallo.html
http://www.avvo.com/attorneys/94901-ca-ray-gallo-291467.html
http://www.avvo.com/attorneys/94901-ca-ray-gallo-291467/reviews.html <= reviews
http://www.linkedin.com/in/raygallo

(Now I let you experienced Google detectives jump on him.)

  * * *

After exchanging around 100 mails with me, and analyzing all the documents and evidence with his team, he thinks we can probably win this case for Batch 1 customers who have paid in BTC. (But of course there is no guarantee.)

As you all know, class action is forbidden by the (ever-changing) Terms of Service, but (by the nature of thing) "mass action" is not, and can not be.
So we can proceed in a mass basis: the same attorney working with multiple clients simultaneously.

This is like a class case in that it will give us some leverage by aggregating claims so that we can do more work on the matter.
Its different in that they can make us try (arbitrate) every case.
(Which means that individual cases might end with success or failure independently of each other, but we can optionally pool the results, if we want to reach a fair distribution at the end.)

  * * *

Since the legal costs are (usually) pretty high, this might well be the only way to go for small customers like me, who have only bought 1 or 2 units.
(It would not make any economic sense to hire a such a strong lawyer on my own, but together, we might be able to make it.)

Ray Gallo is ready to take the case on a contingent basis, so we don't have to pay up-front; his fee comes down from the money recovered from HashFast, if we win.

The key to make this work is to collect enough participants.
He said that he is willing to take the case if there are at least around 30 Baby Jet worth of customers.

Now the question is, how many of you would you willing to participate in such an arrangement? I have 1 BJ.

DISCLAIMER: I know others are also talking to other lawyers, too. I'm not saying that everybody should stop what they are doing and stop proceeding along those lines; I
am just saying that this looks like a very good opportunity to me.

Anybody who is interested, please contact him directly via his own page, which I have linked above.

The deadline is this Friday. We have to collect enough customers by then.

Best wishes:

   fenwick

What kind of fees would be charged on the refund amount (should it happen) if the 30 BabyJet number is reached?

Zero, the lawyer would be working on contingency. If we win, lawyer gets a percentage and we get the remainder. If we lose, we owe nothing.

Win, or collect? Want to make sure the details on that.