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Prosper to insurer: We’re interested in interest

July 1, 2011

As is perhaps suitable for a lending company, Prosper Marketplace is interested in collecting interest.

There was brief action in Judge Kramer’s courtroom this morning, as the Court turned its attention to the matter of Prosper Marketplace, Inc. vs. Greennwich Insurance Company.   According to the brief information provided by the court, Court and counsel discussed the amount of prejudgment interest owed on the claim. Counsel stipulate to an agreed amount to be included in the judgment and submitted the judgment to the Court.  The judgment was signed in open Court – and Court was then adjourned.

No word on the interest rate Prosper charged.

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