09.04.2024 - Settlement Agreement

02.04.2025 - Preliminary Approval Order

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The Fairness Hearing is scheduled for July 22, 2025, at 8:30 A.M. 

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ALL PERSONS who were customers of CONST LLC, including CONST's Loan Matching Service, Crypto-Lending Platform, and Instant-Access Investing Product, from May 1, 2019 to November 16, 2022. &nbsp;If you suffered monetary losses as a result of your status as a customer of CONST LLC, or lost the money you invested or spent becoming a customer of CONST (less any amounts received from CONST) you will be eligible to receive a payment from this Settlement. &nbsp;Please read the Notice carefully and in its entirety, as it contains important information about the case and the options available to you. &nbsp;A Class Action lawsuit was filed seeking to recover the amounts lost by customers. This lawsuit is currently pending in the Riverside County Superior Court under the name Amey Bhavsar, James Tang, Jason Hoffman, and Charles Arthur Carsten, individually and on behalf of all others similarly situated, vs. CONST LLC dba MYCONSTANT, CONSTANT, and CONSTANTP2P, a Delaware limited liability company; Zon Chu, an individual; and Duy Huynh, an individual, Case Number CVRI 2304971. &nbsp;The lawsuit alleges that Plaintiffs and other Class Members invested certain sums of money based on assurances, representations, and guarantees of Defendants. Defendants failed to generate the investment returns it pitched to Plaintiffs and other Class Members which, as alleged in the Complaint, caused them to suffer damages.&nbsp; &nbsp;Defendants have denied any wrongdoing. &nbsp;Subject to Court approval, the Settlement agreement calls for the liquidation or other monetization of Defendant MyConstant's assets via a liquidating trust which, in turn, will make periodic cash distributions to customers according to the terms of the Settlement Agreement (which is available on the Documents page) plus a payment of $200,000 by Defendant Huynh for Class Members. &nbsp;There will be approximately $4 million Settlement after the deduction of attorney's fees and costs, costs of Settlement administration, and an incentive award to Plaintiffs for their service as class representative.

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Important Dates

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Exclusion Deadline