On or around 08/20/2020 (Other)
Filing Date: May 02, 2018
LendingClub Corporation operates an online marketplace platform that connects borrowers and investors in the United States.
On November 7, 2018, the Court issued an Order appointing Lead Plaintiffs and Counsel. Lead Plaintiffs filed a consolidated amended Complaint on January 7, 2019. Defendants filed Motions to Dismiss the consolidated amended Complaint on March 8. On November 4, the Court issued an Order granting Defendants' Motions to Dismiss. Plaintiffs were given leave to amend the Complaint. Lead Plaintiffs filed a second amended consolidated Complaint on December 19. On January 28, 2020, Defendants filed a Motion to Dismiss the second amended consolidated Complaint. The Court issued an Order granting Defendants' Motion to Dismiss on June 12. The Motion was granted with leave to amend in part and without leave to amend in part. On July 27, Lead Plaintiffs notified the Court that they did not intend to file a third amended Complaint. The Court then dismissed all claims with prejudice. On August 19, Lead Plaintiffs filed a notice appealing the Court's judgment.
Company & Securities Information
Defendant: LendingClub Corporation
Industry: Misc. Financial Services
Headquarters: United States
Ticker Symbol: LC
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Matthew Veal, et al. v. LendingClub Corporation, et al.