An investigation for investors of LendingClub Corp (NYSE:LC) shares was announced over potential securities laws violations by LendingClub.
Investors who purchased shares of LendingClub Corp (NYSE:LC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of LendingClub Corp (NYSE:LC) concerning whether certain statements by LendingClub Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 11, 2015, it was reported that “the California Department of Business Oversight, which oversees securities and lending activity in that state, sent requests to 14 companies for details about their lending practices, investors and business models.” It was then reported that on December 14 a spokesman for the Department of Business Oversight, sent out an email naming LendingClub as one of the 14 companies.
Shares of LendingClub Corp (NYSE:LC) declined from $25.74 per share in December 2014 to as low as $6.38 per share on February 9, 2016.
Those who purchased shares of LendingClub Corp (NYSE:LC) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com