Energy News / Shareholders Foundation, Inc.

NASDAQ:GSKY Shareholder Notice: Lawsuit Alleges Securities Laws Violations by GreenSky, Inc.

Via: ReleaseWire

Updated 11:15 AM CST, Wed, December 05,2018

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 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.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
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.

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Michael Daniels
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