Lending Club CEO Takes Fall On Investment, Board Member Mack Questioned Amid Poor DisclosureMark Melin
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.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.