SAN FRANCISCO—Back in May, the nation’s largest online lender seemed to be in free fall.
An internal review at LendingClub Corp. had uncovered problems with the quality of its loans and the structure of its investments. No sooner had the company’s founder and CEO, Renaud Laplanche, been shown the door than the Department of Justice delivered a grand jury subpoena.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
