SAN FRANCISCO — Peer-to-peer financial platform LendingClub Corp. has been hit with a pair of securities fraud class actions as its stock spirals on reports that it masked the true nature of its business model.
Block & Leviton attorneys Lesley Weaver, Jeffrey Block and Jacob Walker filed suit on Wednesday in the U.S. District Court for the Northern District of California, aiming to recover more than $1.3 billion in market value that was lost in the wake of the disclosures.
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