NEW YORK, May 9, 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 Eitan Kimelman at firstname.lastname@example.org 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 May 9, 2016 Lending Club announced in regulatory filing, "that on May 6, 2016, the board of directors accepted the resignation of Renaud Laplanche as Chairman and CEO. His resignation followed an internal review of sales of $22 million in near-prime loans to a single investor, in contravention of the investor's express instructions as to a non-credit and non-pricing element, in March and April 2016."
Following this news, LendingClub stock fell $1.81 per share or 25.49%, during premarket trading to trade at $5.29 per share on May 9, 2016.
If you are aware of any facts relating to this investigation, or purchased shares of LendingClub, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator, Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman
212-697-6484 | firstname.lastname@example.org
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