ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against LendingClub Corporation and Encourages Investors With Losses In Excess of $250,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / May 4, 2018 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of LendingClub Corporation (“LendingClub” or the “Company”) (NYSE: LC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. LendingClub shares have dropped

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On April 25, 2018, the Federal Trade Commission (FTC) charged LendingClub with violating the FTC Act and the Gramm-Leach-Bliley Act. The FTC announcement alleges that LendingClub “falsely promising consumers they would receive a loan with ‘no hidden fees,’ when, in actuality, the company deducted hundreds or even thousands of dollars in hidden up-front fees from the loans.” Shares in LendingClub have dropped significantly in intraday trading based on this news.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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CONTACT:

The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
Schallfirm.com

SOURCE: The Schall Law Firm

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