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HELLUM v. BREYER

No. A127660.

194 Cal.App.4th 1300 (2011)

CHRISTIAN HELLUM et al., Plaintiffs and Appellants, v. JAMES W. BREYER et al., Defendants and Respondents.

Court of Appeals of California, First District, Division Four.

April 29, 2011.

Attorney(s) appearing for the Case

Green Welling , Robert S. Green , Brian S. Umpierre ; The Rosen Law Firm and Laurence M. Rosen for Plaintiffs and Appellants.

Morrison & Foerster, Miriam A. Vogel , Paul T. Friedman and Lawrence R. Katzin for Defendants and Respondents.

OPINION

RUVOLO, P. J.—

I.

INTRODUCTION

In the aftermath of their failed investment in Prosper Marketplace, Inc. (Prosper), an online money lending service, Christian Hellum and David Booth (plaintiffs) filed the instant class action lawsuit against Prosper and its corporate officers based on alleged violations of California and federal securities laws. Three...

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