PR Newswire
NEW ORLEANS, June 1, 2018
NEW ORLEANS, June 1, 2018 /PRNewswire/ -- 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.
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