Shares of LendingClub rose more than 8 percent Monday as investors digested a
Some of the company's largest investors halted purchases of LendingClub loans after former CEO Renaud Laplanche resigned when the company said a review discovered staff knowingly sold $22 million in loans in March and April that did not meet the buyer's requirements.
"Since our announcement two weeks ago, we have been approached by a number of existing and potential new investors about large purchases of loans on our platform," a spokesperson for the company said in a statement. "These are complex discussions that by their nature will take some time to complete."
Jefferies declined to comment.