NEW YORK, June 18, 2018 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of
LendingClub Corporation (NYSE: LC) from February 28, 2015 through April 25,
2018, both dates inclusive ("Class Period"). The lawsuit seeks to recover damages for LendingClub investors under the
federal securities laws.
To join the LendingClub class action, go to http://www.rosenlegal.com/cases-1328.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or zhalper@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, defendants throughout the Class Period made false and/or 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; and (4) as a result,
defendants' 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 2, 2018. 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 http://www.rosenlegal.com/cases-1328.html to join the class
action. You may also contact Phillip Kim or Zachary Halper of Rosen
Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and
shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of
securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, 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
zhalper@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.