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California Appellate Court Schedules Opening Brief

April 12, 2010

As previously reported, plaintiffs in the ongoing proposed class action litigation against Prosper Loans Marketplace (Prosper.com) have lodged an appeal related to the Superior Court’s dismissal of the outside director defendants.

According to the California Appellate Court’s web site, Appellant’s Opening Brief is due to the Court on April 26, 2010.

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2 Comments leave one →
  1. David Drescher permalink
    April 22, 2010 8:26 am

    Please explain “Superior Court’s dismissal of the outside director defendants.

    • Admin permalink*
      April 28, 2010 9:13 am

      The original complaint named several of Prosper’s outside directors as defendants. Some of these outside directors filed a demurrer, which the court eventually sustained. Plantiffs are currently appealing this decision.

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