Moore Kuehn, PLLC Encourages LendingClub (LC) Investors to Contact Firm Regarding Possible Claims Against LC's Board

PRNewswire 11-Jan-2019 10:45 AM

NEW YORK, Jan. 11, 2019 /PRNewswire/ -- Moore Kuehn, PLLC is investigating whether certain officers and directors of LendingClub Corporation (NYSE:LC) breached their fiduciary duties to shareholders.  According to a federal securities lawsuit, LendingClub insiders caused the company to make false and/or misleading statements and/or failed to disclose that: (1) LendingClub falsely promised consumers they would receive a loan with "no hidden fees"; (2) LendingClub's privacy policy did not comply with the Gramm-Leach-Bliley Act; (3) consequently, the foregoing conduct would subject LendingClub's business practices to heightened regulatory scrutiny by the Federal Trade Commission; and (4) as a result, LendingClub's public statements were materially false and misleading at all relevant times.

(PRNewsfoto/Moore Kuehn, PLLC)

Moore Kuehn encourages shareholders of LendingClub to contact Justin Kuehn, Esq. by email at jkuehn@moorekuehn.com or telephone at (212) 709-8245.  There is no cost or obligation to you. 

Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers in litigation involving securities law violations, financial fraud, breaches of fiduciary duties, and other claims.  For additional information about Moore Kuehn, please go to www.moorekuehn.com.  Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com 
(212) 709-8245

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/moore-kuehn-pllc-encourages-lendingclub-lc-investors-to-contact-firm-regarding-possible-claims-against-lcs-board-300776891.html

SOURCE Moore Kuehn, PLLC

Wait, Before You Leave...