A lawsuit was filed on behalf of investors in GreenSky, Inc. (NASDAQ: GSKY) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/05/2018 -- An investor, who purchased shares of GreenSky, Inc. (NASDAQ: GSKY), filed a lawsuit over alleged violations of Federal Securities Laws by GreenSky, Inc. in connection with the Company's initial public offering ("IPO"), which closed on May 29, 2018
Investors in shares of GreenSky, Inc. (NASDAQ: GSKY) have certain options and for certain investors are short and strict deadlines running. Deadline: January 28, 2019. NASDAQ: GSKY investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
Atlanta, GA based GreenSky, Inc., a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. On November 6, 2018, GreenSky, Inc. lowered its full year 2018 transaction volume guidance from between $5.1 and $5.3 billion to between $4.9 and $5.1 billion, and lowered its full year 2018 Adjusted EBITDA guidance from between $192 and $199 million to between $165 and $175 million. GreenSky attributed the reduction to a general labor shortage and unfavorable shifts in its loan mix.
The plaintiff alleges on behalf of purchasers of Class A common stock of GreenSky, Inc. (NASDAQ: GSKY) acquired in the Company's initial public offering ("IPO"), which closed on May 29, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Defendants made false and misleading statements and omissions in the registration statement and prospectus for the Company's IPO (the "Offering Documents") and, in so doing, violated Sections 11, 12(a)(2), and 15 of the Securities Act of 1933.
Those who purchased shares of GreenSky, Inc. (NASDAQ: GSKY) have certain options and should contact the Shareholders Foundation.
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