LendingClub Stumbles Anew, Delaying Meeting With Investors

  • Stock falls further as Tuesday event is delayed until June 28
  • Second-biggest shareholder says it disposed of entire stake

Lending Club banners hang on the facade of the New York Stock Exchange for it's IPO, in New York, on Dec. 11, 2014.

Photographer: Don Emmert/AFP via Getty Images

LendingClub Corp., once the darling of a Silicon Valley movement looking to supplant banks, abruptly adjourned its annual shareholder meeting Tuesday, saying it wasn’t ready to address investors after a leadership shakeup last month.

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