In re Lendingclub Sec. Litig.

WILLIAM ALSUP, UNITED STATES DISTRICT JUDGE

INTRODUCTION

In this PSLRA action, lead plaintiff moves for class certification and to enjoin a parallel state action. Class representatives in the parallel state action move to intervene and, along with defendants, oppose class certification. For the reasons herein, lead plaintiff's motion for class certification is GRANTED. Lead plaintiff's motion for an injunction is DENIED. State plaintiffs' motion to intervene is CONDITIONALLY GRANTED.

STATEMENT

1. THE FEDERAL ACTION.

The background of this action has been set forth in a prior order (Dkt. No. 181).…