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Investigation announced for NYSE: GDOT Investors over possible Wrongdoing by certain directors of Green Dot Corporation

04-03-2020 11:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Green Dot Corporation (NYSE: GDOT) shares.

An investigation on behalf of current long term investors in Green Dot Corporation (NYSE: GDOT) shares.

An investigation was announced for long-term investors in shares of Green Dot Corporation (NYSE: GDOT) concerning potential breaches of fiduciary duties by certain directors of Green Dot Corporation.

Investors who are current long term investors in Green Dot Corporation (NYSE: GDOT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: GDOT stocks follows a lawsuit filed against Green Dot Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GDOT stocks, concerns whether certain Green Dot directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that Green Dot made false and/or misleading statements and/or failed to disclose that Green Dot's strategy to attract "high-value" long-term customers was at the expense of "one and done" customers, that Green Dot's "one and done" customers represented a significant source of revenues in its legacy segment, that consequently, Green Dot's strategy was self-sabotaging, and that as a result of the foregoing, Defendants' statements about its business and operations

Those who purchased shares of Green Dot Corporation (NYSE: GDOT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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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