According to the Complaint, GreenSky, Inc. ("GreenSky") 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.

Plaintiffs filed a Motion for Class Certification on February 21, 2020. On June 1, the Court issued an Order granting Plaintiffs' Motion for Class Certification.

On April 7, 2021, the parties notified the Court that they had reached an agreement in principle to Settle the case. The parties entered into a Stipulation and Agreement of Settlement on May 24. On June 11, the Court granted preliminary approval of the Settlement. On October 22, the Court granted final approval of the Settlement and entered Final Judgment.

On August 10, 2022, the Court issued an Order authorizing distribution of the net Settlement fund.