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Class Action News

Levi & Korsinsky Announces the GreenSky Securities Action; GSKY Lawsuit

Levi & Korsinsky

November 30, 2018

NEW YORK, November 30, 2018 – Levi & Korsinsky, LLP announces a securities action on behalf of GreenSky, Inc. (“GreenSky”) (NASDAQGS: GSKY) shareholders who purchased shares pursuant and/or traceable to the Registration Statement issued in connection with the November 2017 Initial Public Offering. You are hereby notified that a securities lawsuit has been commenced in the United States District Court for the Southern District of New York. To get more information about the GSKY lawsuit go to: https://www.zlk.com/pslra-1/greensky-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The GSKY securities action complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: The complaint alleges that the Offering Documents failed to disclose material information and/or misstated material information, including the substantial change in the composition of GreenSky’s merchant business mix and the resulting diminution in transaction-fee revenue. The Initial Public Offering closed on May 29, 2018 with GreenSky having sold 43.7 million shares of Class A common stock at $23.00 per share. On November 6, 2018, GreenSky issued a press release indicating that the Company’s transaction-fee rate was approximately 35 basis points below the rate achieved in the third quarter of 2017. Following this news, shares of GreenSky closed at $9.28 per share on November 6, 2018.

If you suffered a loss in GreenSky you have until January 28, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com