An investigation on behalf of current long term investors in Green Dot Corporation (NYSE: GDOT) shares over possible breaches of fiduciary duty by certain officers and directors was announced
San Diego, CA -- (SBWIRE) -- 04/06/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of Green Dot Corporation.
Investors who are current long term investors in Green Dot Corporation (NYSE: GDOT) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: GDOT stocks follows a lawsuit filed against Green Dot Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GDOT stocks, concerns whether certain Green Dot directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that Green Dot made false and/or misleading statements and/or failed to disclose that Green Dot's strategy to attract "high-value" long-term customers was at the expense of "one and done" customers, that Green Dot's "one and done" customers represented a significant source of revenues in its legacy segment, that consequently, Green Dot's strategy was self-sabotaging, and that as a result of the foregoing, Defendants' statements about its business and operations
Those who purchased shares of Green Dot Corporation (NYSE: GDOT) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.