Levi & Korsinsky Announces Green Dot Class Action Investigation; GDOT Lawsuit

Class Action Reports

Levi & Korsinsky Announces Green Dot Class Action Investigation; GDOT Lawsuit

Levi & Korsinsky, LLP

February 10, 2020

Levi & Korsinsky, LLP announces that a GDOT class action lawsuit has been commenced on behalf of investors who purchased Green Dot Corporation (GDOT) securities between May 9, 2018 and November 7, 2019. For more on the Green Dot Class Action please contact us today.

According to the Green Dot lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Green Dot’s strategy to attract “high-value” long-term customers was at the expense of “one and done” customers; (2) Green Dot’s “one and done” customers represented a significant source of revenues in its legacy segment; (3) consequently, Green Dot’s strategy was self-sabotaging; and (4) as a result of the foregoing, Defendants’ statements about its business and operations were materially false and misleading at all relevant times.

TO LEARN MORE ABOUT THE GDOT CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/green-dot-corporation-loss-form?prid=5375&wire=9

If you suffered a loss in Green Dot you have until February 18, 2020 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

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com