Veal

I. BACKGROUND

27 Defendant LendingClub is a Delaware corporation that operates an online marketplace 1 platform that connects borrowers and investors in the United States. SAC ¶ 17. Defendant Scott 2 Sanborn (“Sanborn”) was LendingClub’s Acting Chief Executive Officer (“CEO”) from May 6, 3 2016 until June 28, 2016 and has been LendingClub’s CEO since June 28, 2016. Id. ¶ 18. In his 4 tenure prior to becoming CEO, Sanborn acted as President, Chief Operating Officer, and Chief 5 Marketing Officer. Id. Defendant Bradley Coleman (“Coleman”) served as LendingClub’s 6 Principal Accounting Officer and Interim-Chief Financial Officer (“CFO”) from August 2016 to 7 September 2016. Id. ¶ 19. Defendant Thomas W. Casey (“Casey”) has been the Company’s CFO 8 since September 19, 2016. Id. ¶ 20. 9 Lead Plaintiffs, XiangHong Ding and Zhenbin Chen, bring this federal securities class action 10 on behalf of themselves and all persons and entities other than Defendants, who purchased or 11 otherwise acquired the publicly traded securities of Lending Club Corporation between May 9, 2016 12 and April 25, 2018 (“Class Period”). See SAC ¶ 1. Lead…