Scott + Scott, Attorneys at Law, LLP, a global investor rights law firm, has opened an investigation to determine whether LendingClub (NYSE:LC) and certain of its executives and directors made materially misleading statements to investors.

On December 11, 2015, the California Department of Business Oversight disclosed that it requested information from 14 companies for details about their lending practices, investors and business models. On December 14, 2015, a representative for the California Department of Business Oversight disclosed that LendingClub is one of the targeted companies. On this news, shares of LendingClub fell $1.32 per share or nearly 10% over two days to close at $12.84 per share on December 14, 2015.

What You Can Do

Scott + Scott, Attorneys at Law, LLP is preparing a class action complaint to recover losses suffered by LendingClub investors. If you would like more information about the lawsuit, please go to: http://www.scott-scott.com/cases/investigations/lendingclub.html

You can also call Joseph Halloran, Esq. at (646) 582-0121 or email scottlaw@scott-scott.com for information. The firm also recommends that investors get the “Investors Guide to Securities Litigation,” which you can obtain free of charge at http://scott-scott.com/contact.htm

Scott + Scott, Attorneys at Law, LLP has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.