TUESDAY DEADLINE ALERT: The Schall Law Firm Announces it is Investigating Claims Against Green Dot Corporation and Encourages Investors with Losses to Contact the Firm

The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Green Dot Corporation (Green Dot or the Company) (NYSE: GDOT ) for violations of the securities laws.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, February 17, 2020
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Legal, Professional services, Economy, Finance, Money, Securities Class Action, Securities regulation in the United States, Investor, Grant & Eisenhofer, Robbins Geller Rudman & Dowd LLP
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United States, California
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Summary
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  • The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Green Dot Corporation (Green Dot or the Company) (NYSE: GDOT ) for violations of the securities laws.
  • The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
  • When the market learned the truth about Green Dot, investors suffered damages.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.


The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Green Dot Corporation (“Green Dot” or “the Company”) (NYSE: GDOT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Green Dot’s focus on attracting “high value” consumer banking customers came at the expense of so-called “low value” or “one-time use” customers, which are an important part of the Company’s revenue stream. During the November 7, 2019, conference call following the release of its financial results for the third quarter ending September 30, 2019, the company’s CEO admitted a continuing decline of active accounts which were mostly "one-time use accounts." Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Green Dot, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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