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Defendants file Demurrer to 2nd Amended Complaint

August 10, 2009

Earlier today, defendants Breyer, Kagle and Cheng filed their demurrer to the lenders’ 2nd amended complaint with the Superior Court of California in the ongoing class action  litigation against Prosper Marketplace (Prosper.com) related to the sale of unregistered securities.

The hearing on the demurrer has been scheduled to occur in San Francisco on September 15, 2009 – the same hearing already on the Court’s schedule as a “complex litigation” hearing.

Looks like several key issues will come before the court on this date.

(Hope to have access to the scanned document from the court soon)

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