Hagens Berman Reminds LendingClub Investors of the July 2, 2018 Securities Class Action Lead Plaintiff Deadline

SAN FRANCISCO, June 26, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP reminds investors in LendingClub Corporation (NYSE: LC) of the July 2, 2018 securities class action Lead Plaintiff deadline.  If you purchased or otherwise acquired securities of LendingClub between February 28, 2015 and April 25, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

https://www.hbsslaw.com/cases/LC

or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing

[email protected].

On April 25, 2018 the Federal Trade Commission charged LendingClub with 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.

This news drove the price of LendingClub shares down $0.49, or about 15%, to close at $2.77 that day.

"We're focused on investors' losses and Defendants' apparently misleading statements about LendingClub's business in view of evidence unearthed by the FTC," said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding LendingClub should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

About Hagens Berman 
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country.  The Firm represents investors, whistleblowers, workers and consumers in complex litigation.  More about the firm and its successes can be found at www.hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000

SOURCE Hagens Berman Sobol Shapiro LLP

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