September 8, 2017 / 10:41 PM / in a month

Investors seek class status in LendingClub securities lawsuit

Investors who claim they lost money on LendingClub’s stock after its $1 billion initial public offering in 2014 have asked a federal judge in San Francisco to grant class status to their securities fraud lawsuit.

In a motion on Thursday, lawyers for the investors asked the court to certify a class of thousands of institutions and individuals who bought LendingClub shares from its Dec. 11, 2014 IPO through May 6, 2016.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2vLUBkY

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