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Jun

14

Ex-LendingClub Chief Laplanche Sells Part of Stake in Company

By Tony Seruga

Renaud Laplanche, the LendingClub Corp. founder who stepped down as its leader in a shakeup last month, sold off part of his stake in the company, according to a regulatory filing.

Laplanche disposed of 1.2 million shares through Morgan Stanley in early June, according the filing dated June 13. That stock had a value of about at $5.3 million at the close of trading on Monday. It represents about 14 percent of the shares Laplanche held on May 6, according to an earlier filing.

A spokesman for Laplanche had no immediate comment Tuesday. A LendingClub spokesman didn’t immediately respond to a message seeking comment…

Ex-LendingClub Chief Laplanche Sells Part of Stake in Company

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