NEW ORLEANS, May 18, 2018 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until June 2, 2018 to file lead plaintiff applications in a securities class action
lawsuit against LendingClub Corporation (NYSE:LC), if they purchased the Company’s securities between February 28, 2015 and April
25, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern
District of California.
Get Help
LendingClub investors should visit us at https://www.claimsfiler.com/cases/view-lendingclub-corporation-securities-litigation-1 or call
to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
LendingClub and certain of its executives are charged with failing to disclose material information during the
Class Period, violating federal securities laws.
On April 25, 2018, the Federal Trade Commission filed a complaint against the Company based on multiple charges
of wrongdoing including falsely promising loans to consumers with no hidden fees and subsequently applying “hundreds or even
thousands of dollars in hidden up-front fees from the loans”; misleading consumers as to the approval status of their loan
applications; and improperly withdrawing funds from consumer accounts.
On this news, the price of LendingClub’s shares plummeted $0.49 per share, or over 15%, to close at $2.77 per
share on April 25, 2018.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their
share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class
action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial
instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
