PR Newswire
NEW YORK, Jan. 11, 2019
NEW YORK, Jan. 11, 2019 /PRNewswire/ -- Moore Kuehn, PLLC
is investigating whether certain officers and directors of LendingClub Corporation (NYSE: LC) breached their fiduciary
duties to shareholders. According to a federal securities lawsuit, LendingClub insiders caused the company to make 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, LendingClub's public statements were materially false and misleading at all relevant times.
Moore Kuehn encourages shareholders of LendingClub to contact Justin Kuehn, Esq. by email
at jkuehn@moorekuehn.com or telephone at (212)
709-8245. There is no cost or obligation to you.
Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers
in litigation involving securities law violations, financial fraud, breaches of fiduciary duties, and other claims. For
additional information about Moore Kuehn, please go to www.moorekuehn.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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