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Judge grants complex designation in Prosper’s suit against insurance carrier

December 23, 2009

In the suit filed by Prosper Marketplace against Greennwich Insurance Company, Judge Kramer of the Superior Court of California – County of San Francisco has GRANTED the application for approval of complex designation, which was filed August 21, 2009.

Additionally, Judge Kramer ordered that this entire action be assigned for all purposes to the Complex Litigation Department.

Those already following the class action litigation filed by Prosper lenders will note that this is the very same Judge Kramer who is overseeing the lender litigation.  In other words, as the insurance litigation is related to the lender suit, Judge Kramer will be handling both.

A case management conference has been scheduled for April 9, 2010.

Background information available here.

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