LOS ANGELES–(BUSINESS WIRE)–$GSKY #ClassAction—The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
GreenSky, Inc. (“GreenSky” or “the Company”) (NASDAQ: GSKY)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. GreenSky lowered its full-year 2018 transaction volume
guidance on November 6, 2018, from between $5.1 billion and $5.3 billion
to between $4.9 billion and $5.1 billion. It also lowered its full-year
adjusted EBITDA guidance from between $192 million and $199 million to
between $165 and $175 million. The Company blamed a general shortage of
labor and an unfavorable loan mix for the reduction. On this news,
shares of GreenSky fell more than 36% on the same day.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm’s website at www.schallfirm.com,
or by email at email@example.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.