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Coverage litigation update

December 28, 2010

Prosper-watcher Xraider has provided an update over at Prospers.org regarding new developments in one of the offspring cases from the proposed class action suit against Prosper Marketplace.  This is the case where Prosper’s insurance company declined to defend Prosper, which caused Prosper to file suit.

Xraider observes that the court issued a tentative decision holding that Prosper’s insurer, Greenwich, has a duty to defend the class action.

You can read the full text of the tentative decision here.

You can read Xraider’s earlier notes on this litigation here.



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