NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of LendingClub Corporation (NYSE:LC) resulting from allegations that LendingClub may have issued materially misleading business information to the investing public.
On December 11, 2015, the California Department of Business Oversight disclosed that it requested information from 14 companies for details about their lending practices, investors and business models. On December 14, 2015, a representative for the California Department of Business Oversight disclosed that LendingClub is one of the targeted companies. On this news, shares of LendingClub fell $1.32 per share or nearly 10% over two days to close at $12.84 per share on December 14, 2015.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by LendingClub investors. If you purchased shares of LendingClub on or before December 14, 2105, please visit the firm’s website at http://rosenlegal.com/cases-824.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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