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Prosper shakes up its legal team

June 2, 2011

There has not been much activity to report since the California Court of Appeals ruled in the plaintiff’s favor on the previous dismissal of the outside director directors.

Today, however, recent activity on the court’s docket indicates Prosper Marketplace ( and its officers and directors have replaced their legal team.  Mr. Thad A. Davis of Ropes & Gray has been “substituted” for Mr. Paul Friedman of Morrison Foerster.

The next complex litigation case management meeting, previously scheduled for July 1, has been continued to July 15. 


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