GreenSky Investors Score Class Cert. In IPO Suit

Law360 (June 3, 2020, 4:05 PM EDT) -- A New York federal judge has certified a class of investors in a securities suit against financial technology startup GreenSky Inc. that accuses the company of making misleading statements ahead of its initial public offering.

The green light issued by U.S. District Judge Alvin K. Hellerstein on Monday gives the investors who bought the 43.7 million shares of GreenSky Class A common stock in the May 2018 IPO a path to continuing their attempt to recoup losses.

Shareholders allege in their November 2018 suit that GreenSky — which arranges loans between merchants and consumers — didn't disclose in its registration statement...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!