Author Topic: Class action lawsuit  (Read 37931 times)

Keltset

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Re: Class action lawsuit
« Reply #45 on: January 23, 2013, 04:27:09 PM »
I must say that I have also found value in NoGoodDeeds posts and enjoy reading them if they conflict or not with my opinion- Either way it's stimulating and encouraged deeper thought and evaluation which I believe we can all be reminded of the importance of questions one's own opinion.

Xenon481

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Re: Class action lawsuit
« Reply #46 on: January 26, 2013, 05:52:46 PM »
Here are some updated facts in the Class Action Lawsuit against Prosper:

- Prosper filed a "Motion For Summary Judgement" with the court, requesting that the case be immediately ruled in Prosper's favor without going to trial.

- The judge ruled to deny Prosper's motion, stating that Prosper's arguments for summary judgement in their favor were not valid for a number of reasons including the following:

Quote
[...] I have inferred from other undisputed facts that in the event of Prosper's failure there would be no effective means to recoup the loan proceeds.


The complete court docket and documents can be found here:

http://webaccess.sftc.org/Scripts/Magic94/mgrqispi94.dll?APPNAME=IJS&PRGNAME=ROA22&ARGUMENTS=-ACGC08482329
« Last Edit: January 26, 2013, 05:54:36 PM by Xenon481 »
The Motley Fool says to Avoid Prosper Like The Plague.

Read about historical Prosper actions/problems at Prospers.org

Peter

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Re: Class action lawsuit
« Reply #47 on: July 19, 2013, 03:54:56 PM »
So, the lawsuit has been settled for $10 million with $2 million due immediately. I was wrong in thinking it would be less than that and others were wrong thinking it would be more.
http://www.lendacademy.com/class-action-lawsuit-against-prosper-has-been-settled/

Xenon/IRA01/NoGoodDeed - anyone want to comment?
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Dennis

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Re: Class action lawsuit
« Reply #48 on: July 19, 2013, 07:29:36 PM »

I continue to believe that Prosper will not only survive this year, but they will have a great year.


You have a very good crystal ball Peter.  Prosper will easily survive this year as the lawsuit settlement numbers are well within reason, and Prosper is indeed having a great year, just look at the current loan volume.

And you predicted this 7 months ago??? 

Any other predictions?  I'm all ears...........

Peter

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Class action lawsuit
« Reply #49 on: July 19, 2013, 08:39:23 PM »
Hmmm. How about this: Lending Club will do an IPO next year...
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clostrom

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Re: Class action lawsuit
« Reply #50 on: July 31, 2013, 12:21:20 AM »
So, the lawsuit has been settled for $10 million with $2 million due immediately. I was wrong in thinking it would be less than that and others were wrong thinking it would be more.
http://www.lendacademy.com/class-action-lawsuit-against-prosper-has-been-settled/

Xenon/IRA01/NoGoodDeed - anyone want to comment?

They are huddled in their caves with their tails between their legs.