As Lending Club CEO Renaud Laplanche takes a fall due in part to an investment in a related company that was similar to that of board member John Mack, troubles mount on all sides. The company and its regulatory disclosures, considered a specialty of regulatory veteran and board member Larry Summers, are also coming into critical focus. As a result of the troubles, the stock closed at its lowest level since the firm’s successful initial public offering.
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
