NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims against LendingClub Corporation (NYSE: LC). Our investigation concerns whether LendingClub has violated the federal securities laws and/or engaged in other unlawful business practices.
On Wednesday April 25, the Federal Trade Commission filed a complaint against LendingClub, in which it alleged that the upfront fee LendingClub charges is “not clearly and conspicuously disclosed” and that “consumers frequently complain that they only discovered the fee...when they noticed that the amounts disbursed were smaller than they were expecting.”
Following this news, shares of LendingClub fell $0.49 per share, or 15%, to close at $2.77 per share on April 25, 2018.
If you purchased or otherwise acquired LendingClub shares and suffered a loss, continue to hold shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into LendingClub Corporation, please go to http://www.bespc.com/lc. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.