Moses & Singer Represents Hedge-Fund Firm in Multi-Million Dollar Dispute

March 20, 2017

The Wall Street Journal reported that Prosper Marketplace Inc. for 2016, reported $30.3 million in charges “mostly related to the settlement of a loan-buying dispute with one of its investors, the hedge-fund firm Colchis Capital Management, L.P.  Prosper agreed to pay Colchis $9 million in cash and issue the firm warrants to purchase 7% of [Prosper’s] shares.  Prosper said the fair value of the warrants…was $21.7 million.”   The Moses & Singer attorneys who represented Colchis in this dispute were Alan Kolod, Mark Parry, David Rabinowitz, Gregory Fleesler, Shari Alexander and Megan Daneshrad.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.