[Michael I]

Par's attorneys told the judge that Par's default rate on a "cash-on-cash" basis was indeed 1.2%. This is going to be one heck of a show. If the basis for the lawsuit and asset freeze was the alleged misrepresentation of the default rate and that turns out to be the actual default rate, (under that methodology anyway), then....

does that mean that within 90 days there needs to be zero collected not even one dollar to be called a default? sort of why on deck had people paying $5 a month