SAN FRANCISCO — Robbins Geller Rudman & Dowd has muscled out nine other contenders to take the lead in a securities class action against embattled peer-to-peer loan service LendingClub Corp.
U.S. District Judge William Alsup of the Northern District of California, after reviewing other firms’ bids and grilling Robbins Geller’s client on its choice of counsel, said in an order Friday he was persuaded the pick was reasonable and “not influenced by any pay-to-play considerations.”
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