NEW YORK, May 14, 2018 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit
has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased
LendingClub Corporation ("LendingClub") (NYSE:LC) securities between February 28, 2015 and April 25, 2018.
Click here to learn about the case: http://www.wongesq.com/pslra-c/lendingclub-corporation-2?wire=3. There is no
cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading
statements and/or failed to disclose that: (1) LendingClub falsely promised consumers they would receive a loan with "no hidden
fees"; (2) LendingClub's privacy policy did not comply with the Gramm-Leach-Bliley Act; (3) consequently, the foregoing conduct
would subject LendingClub's business practices to heightened regulatory scrutiny by the Federal Trade Commission ("FTC"); and (4)
as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On April 25, 2018, the Federal Trade Commission (FTC) issued a press release announcing allegations that
LendingClub violated the FTC Act and the Gramm-Leach-Bliley Act by falsely promising consumers they would receive a loan without
hidden fees and failing to provide customers with a clear and conspicuous privacy notice.
If you suffered a loss in LendingClub you have until July 2, 2018 to request that the Court
appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain
additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-c/lendingclub-corporation-2?wire=3.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
