LendingClub quarterly loss widens due to litigation expense

Feb 20 (Reuters) - LendingClub Corp reported a bigger quarterly loss on Tuesday, compared with a year ago, hurt by a class action litigation settlement expense of $77.25 million.

The online lender reported net loss of $92 million, or 22 cents per share, for the fourth quarter ended Dec. 31, compared with a loss of $32.3 million, or 8 cents per share, a year earlier.

Total revenue rose to $156.5 million from $130.5 million. (Reporting by Nikhil Subba in Bengaluru; Editing by Arun Koyyur)