BOSTON, May 3, 2018 /PRNewswire/ -- Block & Leviton
LLP (www.blockesq.com), a securities litigation firm
representing investors nationwide, announces that a new class action lawsuit has been filed against Lending Club Corp. ("Lending
Club" or the "Company") (NYSE: LC) and certain of its officers and directors alleging violations of the federal and securities
laws. Class members interested in serving as lead plaintiff are reminded of the July 2, 2018 lead
plaintiff deadline.
The lawsuit, filed in the United States District Court for the Northern District of
California (No. 3:18-cv-02599), alleges that throughout the Class Period, defendants made false
and/or misleading statements when they stated that Lending Club customers would receive a loan with "no hidden fees." On
April 25, 2018, the Federal Trade Commission ("FTC") filed a complaint alleging that Lending Club
knowingly charged consumers hidden fees, contrary to their public disclosures.
If you purchased Lending Club stock between May 7, 2016 and April
25, 2018 and wish to serve as a lead plaintiff, you must move the Court no later than July 2,
2018. As a member of the class, you may seek to file a motion to serve as a lead plaintiff or take no action and remain an
absent class member. If you wish to become involved in the litigation or have questions about your legal rights, you are
encouraged to contact attorney John DeFelice at (888) 868-2385, by email at john@blockesq.com or by visiting http://shareholder.law/lendingclub.
Confidentiality to whistleblowers or others with information relevant to this investigation is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have
collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years and have
recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently
covered by the New York Times.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
John DeFelice
(617) 398-5600 phone
155 Federal Street, Suite 400
Boston, MA 02110
john@blockesq.com
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SOURCE Block & Leviton LLP