Scott + Scott, Attorneys at Law, LLP, a global investor rights law firm,
has opened an investigation to determine whether LendingClub (NYSE:LC)
and certain of its executives and directors made materially misleading
statements to investors.
On December 11, 2015, the California Department of Business Oversight
disclosed that it requested information from 14 companies for details
about their lending practices, investors and business models. On
December 14, 2015, a representative for the California Department of
Business Oversight disclosed that LendingClub is one of the targeted
companies. On this news, shares of LendingClub fell $1.32 per share or
nearly 10% over two days to close at $12.84 per share on December 14,
2015.
What You Can Do
Scott + Scott, Attorneys at Law, LLP is preparing a class action
complaint to recover losses suffered by LendingClub investors. If you
would like more information about the lawsuit, please go to: http://www.scott-scott.com/cases/investigations/lendingclub.html
You can also call Joseph Halloran, Esq. at (646) 582-0121 or email scottlaw@scott-scott.com
for information. The firm also recommends that investors get the
“Investors Guide to Securities Litigation,” which you can obtain free of
charge at https://scott-scott.com/contact.htm
Scott + Scott, Attorneys at Law, LLP has significant experience in
prosecuting major securities, antitrust, and employee retirement plan
actions throughout the United States.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160128006272/en/
Copyright Business Wire 2016