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Veal v. LendingClub Corporation et al

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Case Number:

5:18-cv-02599

See also:

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Beth Labson Freeman

Firms

Companies

Sectors & Industries:

  1. July 27, 2020

    LendingClub Prevails Over Investors' Suit Over FTC Probe

    Fintech firm LendingClub succeeded in ending a proposed securities class action against it that alleged the company lied about a federal investigation, with a California federal judge ordering all claims dismissed Monday.

  2. June 15, 2020

    LendingClub Investors' Suit Over FTC Probe Needs Rewrite

    Fintech firm LendingClub has prevailed again on a bid to end a proposed securities class action it faces in a California federal court accusing the company of mismanaging messaging around a Federal Trade Commission investigation, a judge ruled as she dismissed some of the suit's claims permanently.

  3. March 19, 2020

    Investors Fight LendingClub Bid To Ditch Hidden-Fee Suit

    LendingClub investors challenged the peer-to-peer lender's attempt to escape their suit over its allegedly fraudulent advertising claiming no hidden fees, telling a California federal court Wednesday they properly showed it was LendingClub's duty to disclose a government agency's investigation into its "origination fees."

  4. January 29, 2020

    LendingClub Again Seeks End To Investors' FTC Claims

    LendingClub on Tuesday sought dismissal of a proposed consolidated securities class action against it, claiming the allegations failed to show the company lied or knowingly did anything wrong in connection with its disclosures regarding federal scrutiny it was earlier subject to.

  5. November 05, 2019

    LendingClub Gets Investors' Hidden-Fee Suit Tossed

    LendingClub and its executives slipped out of a proposed shareholder class action over allegedly fraudulent advertising to borrowers after a California federal judge found Monday that the investors failed to prove the misstatements at issue were knowingly false at the time they were made.

  6. June 07, 2019

    LendingClub Pushes Back At Investors' Hidden-Fee Suit

    LendingClub hit back at investors seeking to keep alive their proposed class action accusing the peer-to-peer lender of fraudulently advertising "no hidden fees" to borrowers, arguing in California federal court Thursday that fraud claims cannot be based on unproven allegations in a Federal Trade Commission enforcement action.

  7. May 08, 2019

    LendingClub Investors Fight To Keep Hidden-Fees Suit Alive

    Investors accusing LendingClub of fraudulently advertising "no hidden fees" to borrowers slammed the company's bid to dismiss their California federal court suit, refuting the lender's argument that it mimics a previously filed, unproven and contested federal enforcement action.

  8. March 11, 2019

    LendingClub Says FTC Action Can't Sustain Hidden-Fee Suit

    LendingClub told a California federal judge Friday that an investor suit over allegedly fraudulent statements regarding its customer promise of "no hidden fees" is largely premised on claims in a Federal Trade Commission enforcement action that remain "unproven and heavily contested."

  9. August 06, 2018

    Alsup Fears 'Mistake' In OK'ing $125M LendingClub Deal

    U.S. District Judge William Alsup expressed regret Monday for approving a $125 million deal ending securities class actions against LendingClub Corp., saying "he may have made a mistake" since he learned the parties "have gotten away" with releasing claims beyond the litigation's allegations.