There was court action yesterday in the class action lawsuit against Prosper Marketplace (Prosper.com). As Prosper-watcher Investar points out here, Judge Kramer sustained the demurrer filed by the 3 remaining outside directors – this time without leave to further amend. A case mangement conference (CMC) was held – and the next CMC scheduled for October 29, 2009.
Posted by: Admin | September 16, 2009
Judge dismiss 3 defendants
Posted in Uncategorized | Tags: Bob Kagle, case management meeting, class action, Complaint, compliance, Court filing, defendants, demurrer, Investar, Jim Breyer, Larry Cheng, Law suit, lending, litigation, p2p, Prosper, Prosper Loans Marketplace, Prosper Marketplace, Prosper.com, Robert Kagle, SEC, security, Superior Court, Unregistered Securities