On or around 11/26/2019 (Date of last review)
Filing Date: November 27, 2018
According to the Complaint, GreenSky, Inc. ("GreenSky" or the Company) is a financial technology company in Atlanta, Georgia. GreenSky operates an online platform that enables creditors to process loan applications at the point of sale. More than 10,000 businesses are active users of GreenSky’s platform. Consumers who seek to make a purchase from such a business can apply for on-the-spot financing via the GreenSky mobile app.
Plaintiff's law firm issued a press release on November 27, 2018, announcing the lawsuit. According to the press release, Plaintiff alleges that 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.
On March 29, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Co-Lead Counsel. Lead Plaintiff filed a consolidated amended Complaint on May 20. Lead Plaintiff corrected two pages of the consolidated amended Complaint on May 22. Defendants filed Motions to Dismiss the consolidated Complaint on June 13. On June 26, Lead Plaintiff filed a consolidated second amended Complaint. On November 26, the Court issued an Order granting in part and denying in part Defendants' Motions to Dismiss.
Company & Securities Information
Defendant: GreenSky, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: GSKY
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.