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Green Dot Corporation (GDOT)

(NYSE: GDOT)

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Green Dot Corporation To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Green Dot Corporation (“Green Dot” or the “Company”) (NYSE: GDOT).

The investigation focuses on whether Green Dot and its executives violated federal securities laws by failing to disclose that:  (1) the Company’s new internal risk policies and procedures were negatively impacting Green Dot’s growth in new account activations; (2) certain of Green Dot’s retailers were planning to start selling competitive GPR products in addition to the Company’s products; and (3) the Company lacked historical data to accurately predict how other retailers’ sales of competitive GPR products would impact Green Dot’s sales.

Take Action

If you purchased Green Dot securities between January 26, 2012 and July 26, 2012 and would like to discuss your legal rights, contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Green Dot’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 08/10/2012

Class Period:

  • 01/26/2012 - 07/26/2012

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.