Notice going out to Class Members

There is an important development to report in the ongoing class action lawsuit against Prosper Marketplace, Inc. (Prosper.com).

If you purchased loan notes on Prosper.com during the period from January 1, 2006 through October 14, 2008, you may be a class member in a class action.

At the Court’s request, notice is currently being sent via email and regaular mail to purchasers of loan notes from Prosper in the period indicated, based on information provided by Prosper.  The notice is expected to go out very shortly, so keep an eye out for it.

If you require additional information, the Court has requested the establishment of a separate web site (ProsperClassAction.com) where interested parties can obtain pertinent information.

One of the key pieces now available is the “Long Notice.”  If you believe you may be a member of the Class, this notice describes the nature of the claims alleged and the defenses asserted, and your right to participate in, or exclude yourself from, the Class. You may also receive a summary version of this notice by email.

The site also provides sections for you to contact the Notification Administrator, update your contact information, and access documents related to the case.