Green Dot Corporation
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Green Dot Corporation (NYSE: GDOT) from May 9, 2018 through November 7, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Green Dot Corporation investors under the federal securities laws.
If you bought Green Dot Corporation securities between May 9, 2018 through November 7, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Green Dot Corporation – GDOT
New York, N.Y., December 26, 2019. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Green Dot Corporation (NYSE: GDOT) between May 9, 2018 and November 7, 2019, inclusive (the “Class Period”).
To join the GDOT class action, go to http://zhanginvestorlaw.com/cases/green-dot-corporation/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LED PLAINTIFF TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (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. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 17, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/green-dot-corporation/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.