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Stock impact report

Ousted LendingClub founder vows not to make same mistakes [MSN Money]

LendingClub Corporation (LC) 
Last lendingclub corporation earnings: 2/18 04:06 pm Check Earnings Report
US:NYSE Investor Relations: ir.lendingclub.com
Company Research Source: MSN Money
© Provided by CNBC Renaud Laplanche More than two years after his ouster from LendingClub, Renaud Laplanche still owns millions of dollars worth of stock in the company he created, even though he's since started a rival online lender that's rapidly growing. I still very much believe in the company and the people who work there, Laplanche told CNBC. Load Error For his second act in financial services, Laplanche is focused avoiding past mistakes. He was forced to resign suddenly from LendingClub in May 2016 for a convoluted set of events involving the questionable sale of certain loans by the company and a lack of transparency with the board. LendingClub has struggled to recover. Since debuting on the New York Stock Exchange at $15 in late 2014, the shares have lost more than three-quarters of their value to $3.38 at Friday's close. Laplanche started his new company, Upgrade, in August 2016, three months after leaving LendingClub. His start-up passed $100 mi Show less Read more
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