SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of LendingClub Corporation (LC)

Jan 28, 2016, 10:00 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Jan. 28, 2016 /PRNewswire/ -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of LendingClub Corporation ("LendingClub" or the "Company") (NYSE: LC).  Such investors are advised to contact Peretz Bronstein or his investor relations analyst Yael Hurwitz at info@bgandg.com or 212-697-6484.

The investigation concerns whether LendingClub and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Lending Club is a US peer-to-peer lending company, headquartered in San Francisco, California. Lending Club operates an online lending platform that enables borrowers to obtain a loan, and investors to purchase notes backed by payments made on loans.

On December 11, 2015, the Wall Street Journal 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." Then, on December 14, a representative for the Department of Business Oversight, Tom Dresslar, released that LendingClub is one of these focus companies.

Following these reports, the LendingClub stock fell $1.32 per share over, close to 10%, to close at just $12.84 per share on December 14, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of LendingClub, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/#!lc/qq203. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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