SAN FRANCISCO – A stockholder has filed suit against a San Francisco company alleging that they made misleading and false registration statements during its public offering.
Steeve Evellard filed a complaint on behalf of all others similarly situated on May 16 in the U.S. District Court for the Northern District of California against the LendingClub Corp., Renaud Laplanche and Carrie L. Dolan, citing violation of the Securities Exchange Act.
According to the complaint, the plaintiff alleges that between Dec. 11, 2014, and May 6, he suffered damages as a result of purchasing shares because of false and misleading registration statements made by the defendants. The plaintiff holds LendingClub Corp., Renaud Laplanche and Carrie L. Dolan responsible because the defendants allegedly made misleading statements regarding the company's operation, business and compliance policies.
The plaintiff requests a trial by jury and seeks compensatory damages, all damages sustained by plaintiff as a result of the defendant's wrongdoing plus interest, all legal fees and any other relief as this court deems just. He is represented by Jennifer Pafiti of Pomerantz LLP in Beverly Hills, Jeremy A. Lieberman, J. Alexander Hood II, Marc Gorrie and Patrick V. Dahlstrom of Pomerantz LLP in New York and Peretz Bronstein of Bronstein, Gewirtz & Grossman LLC in New York.
U.S. District Court for the Northern District of California Case number 3:16-cv-02627