Matthew Veal v. Lendingclub Corporation

Good Law
United States Court of Appeals for the Ninth CircuitSeptember 21, 202120-16603California1,069 words

Opinion

Opinion

NOT FOR PUBLICATION FILED

UNITED STATES COURT OF APPEALS SEP 21 2021

MOLLY C. DWYER, CLERK

U.S. COURT OF APPEALS

FOR THE NINTH CIRCUIT

MATTHEW VEAL, XIANGHONG DING, No. 20-16603 and ZHENBIN CHEN, D.C. No. 5:18-cv-2599-BLF Plaintiffs-Appellants,

v. MEMORANDUM*

LENDINGCLUB CORPORATION,

SCOTT SANBORN, BRADLEY

COLEMAN, and THOMAS W. CASEY

Defendants-Appellees.

Appeal from the United States District Court for the Northern District of California Beth Labson Freeman, District Judge, Presiding

Argued and Submitted September 2, 2021 Seattle, Washington Before: McKEOWN and GOULD, Circuit Judges, and RAKOFF,** District Judge.

Plaintiffs appeal the district court’s dismissal of their Second Amended

Complaint (SAC) for failure to adequately plead falsity and scienter in securities

* This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3. ** The Honorable Jed S. Rakoff, United States District Judge for the Southern District of New York, sitting by designation. Page 2 of

fraud claims regarding the…

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