Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

LendingClub Corp (LC) Class Action Lawsuit (May 2018)

Closed

20-16603 • May 2, 2018

Class Period Start

February 28, 2015

Class Period End

April 25, 2018

PSLRA Deadline

July 2, 2018

Case Allegations

10b5

Statutes of Repose

Feb 28, 2018

Country

United States

Court

Federal Court

Docket History

Aug 19, 2020

On Appeal

Jun 12, 2020

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

May 8, 2020

Scheduling Order

Feb 6, 2020

Scheduling Order

Jan 28, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Dec 27, 2019

Scheduling Order

Dec 19, 2019

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in LendingClub Corp. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Nov 4, 2019

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

May 7, 2019

Scheduling Order

Mar 8, 2019

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Mar 8, 2019

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Feb 21, 2019

Scheduling Order

Nov 7, 2018

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

May 2, 2018

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in LendingClub Corp.

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