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.