NYSE: GDOT Lawsuit Update NOTICE: Investors who lost money with Green Dot Corporation (NYSE: GDOT) should contact the Shareholders Foundation

The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in Green Dot Corporation (NYSE: GDOT) shares.

Investors, who purchased Green Dot Corporation (NYSE: GDOT) shares prior to 2020 and continue to hold any of those NYSE: GDOT shares, have also certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On December 19, 2019, a lawsuit was filed by an investor in Green Dot Corporation (NYSE: GDOT shares against Green Dot Corporation (NYSE: GDOT. over alleged securities laws violations. The plaintiff alleged 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.

On April 1, 2022, an amended complaint was filed and on June 21, 2022, the defendants filed a motion to dismiss the amended complaint.

Then on March 29, 2024, the Court issued an Order denying Defendants' Motion to Dismiss.

Those who purchased Green Dot Corporation (NYSE: GDOT) shares should contact the Shareholders Foundation, Inc.

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 lawsuits, 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.

This release was published on openPR.