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.
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