NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until July 2, 2018 to file lead plaintiff applications in a securities class action lawsuit against LendingClub Corporation (NYSE: LC). Investor losses must relate to purchases of the Company’s securities between February 28, 2015 and April 25, 2018. This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased securities of LendingClub and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nyse-lc/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by July 2, 2018.
About the Lawsuit
On April 25, 2018, the Federal Trade Commission filed a complaint against the Company based on multiple charges of wrongdoing including falsely promising loans to consumers with no hidden fees and subsequently applying “hundreds or even thousands of dollars in hidden up-front fees from the loans”; misleading consumers as to the approval status of their loan applications; and improperly withdrawing funds from consumer accounts. On this news, the price of LendingClub’s shares.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.