[Funder Mark]

I do not think it will go to court. If Rapid wins it would kill Pearl, and if Pearl wins it would weaken many of the 1st position lenders. I think Pearl has some kind of ulterior motive here, besides for going all the way to court. Any thoughts?

[AlexSMF]

I do not think it will go to court. If Rapid wins it would kill Pearl, and if Pearl wins it would weaken many of the 1st position lenders. I think Pearl has some kind of ulterior motive here, besides for going all the way to court. Any thoughts?

Dont think Pearl is doing this to be the Robin hood of the 2nd, 3rd, etc.. position funders. Defending themselves and in the process saw this as an opportunity to set precedence with what they think are frivolous claims. They hired the right law firm for it but boy will that be a hefty bill. http://dealbook.nytimes.com/2013/03/...gal-bill/?_r=0