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[tmullin1217]

The class action is a public document. If Messrs [X]^*and [Y]* did not wish the publicity, they should not have signed on as principals, or should have done so as anonymous plaintiffs.

^*Note by HollowOak: As a courtesy to our members and as part of this site's policy not to aid in disclosing PII on the Internet, we are NOT publishing their names in the publicly searchable part of this site. Go post their names somewhere else if you feel so compelled. I think if you persist, some stronger sanctions will be in order.

[mothandrust]

hey guys, this is muleshoes. having a hard time distinguishing the basis of the lawsuit - is it mainly prospers misrepresentation of the risk involved? the securities issue (a technicality, right?) ?  anything else...? having trouble figuring out the crux of the issue, sorry...

The class action lawsuit is only on the SEC issue -- that the "Notes" Prosper sold the lenders were unregistered securities that Prosper sold illegally (and that it must, therefore, repurchase for full face value plus statutory interest). 

Given all the bad stuff that Prosper has done to lenders, the CA lawsuit is akin to trying to nail Al Capone for tax evasion: the more serious crimes were murder, extortion, racketeering, election fraud, and jury tampering.

The net result was the same--a bad guy got sent to prison and had to pay a big fine (though not to the victims).

[bamalucky]

I have formally dropped completely out of the lawsuit.

[God-Father]

I have formally dropped completely out of the lawsuit.

Would you care to elaborate?

[ira01]

I have formally dropped completely out of the lawsuit.

Would you care to elaborate?

http://www.prospers.org/forum/prosper_class_action_lawsuit_update_i_quit-t11496.0.html

[Flying Missle]

hey guys, this is muleshoes. having a hard time distinguishing the basis of the lawsuit - is it mainly prospers misrepresentation of the risk involved? the securities issue (a technicality, right?) ?  anything else...? having trouble figuring out the crux of the issue, sorry...

Thanks for replying to my PM on prosper. I'm glad you found the lawsuit to sign on to (assuming that's what you decide to do)

[Ferrix]

Meta-discussion about lawsuit participants moved inside, to:
http://www.prospers.org/forum/prosper_order_to_cease_and_desist_by_sec-t11536.0.html