NEW YORK, July 11, 2016 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing
of a class action lawsuit on behalf of purchasers of LendingClub Corporation (NYSE:LC) securities pursuant to and/or traceable to
the Registration Statement and Prospectus issued in connection with the Company’s initial public offering on or about December 11,
2014 (the “IPO” or the “Offering”) or between December 11, 2014 through May 6, 2016. The lawsuit seeks to recover damages for
LendingClub investors under the federal securities laws.
To join the LendingClub class action, go to the firm’s website at http://www.rosenlegal.com/cases-895.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free
at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL
UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
According to the lawsuit, throughout the Class Period defendants issued false and misleading statements to
investors and/or failed to disclose that: (1) LendingClub’s internal controls were inadequate to ensure that LendingClub’s loans
conformed to its customers’ criteria; (2) LendingClub’s internal controls were inadequate to ensure that relevant interests in
third-party transactions were fully and timely disclosed; and (3) as a result, LendingClub’s public statements were materially
false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no
later than July 15, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-895.html or to discuss your rights or interests regarding this
class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.
Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com kchan@rosenlegal.com www.rosenlegal.com
