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Court Orders Dissemination of Class Notice

May 17, 2012

According to court filings made available today, Judge Kramer of the Superior Court of California, has issued an order appointing a third-party “Notice Administrator” to validate the list of class members, as defined in Hellum v. Prosper Marketplace, Inc. (and as provided by Prosper Marketplace, Inc.), and prepare to disseminate a summary notice to all class members via both email and First Class mail, no later than May 30, 2012.

Additionally, the Notice Administrator has been directed to establish and maintain a case website, where class members can obtain additional information about the case, and their rights and options.

Class members will have the option to opt-out of the Class by submitting a timely request for exclusion, pursuant to instructions set forth in the mailing.

The case website is expected to be hosted at (as of this moment, the site does not yet appear to be operational).

You can find a copy of this order and several other pertinent court filings here.

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