Investors Seek Cert. In Action Over GreenSky IPO

By Reenat Sinay (February 24, 2020, 2:49 PM EST) -- Investors in GreenSky Inc. have asked a New York federal judge to certify their proposed class action accusing the financial technology startup of making misleading statements ahead of its initial public offering, telling the court there is "no question" the action should be certified.

The shareholders allege the digital lender filed a deceptive registration statement with the U.S. Securities and Exchange Commission that failed to disclose key planned changes that could affect revenue.

The investor class would include the potential hundreds or thousands of people or entities that bought into the 43.7 million shares of GreenSky Class A common stock in...

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