CLASS ACTION UPDATE: Law Office of Brodsky & Smith, LLC Reminds Investors of Deadline in Class Action Against Green Dot Corporation (NYSE: GDOT)

BALA CYNWYD, PA / ACCESSWIRE / January 14, 2020 / Law office of Brodsky & Smith, LLC reminds investors of the deadline to file regarding claims against Green Dot Corporation ("Green Dot" or the "Company") (NYSE:GDOT) for possible breaches of Federal Securities law.

According to the filed complaint, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Green Dot's strategy to attract "high-value" long-term customers was at the expense of "one and done" customers; (2) Green Dot's "one and done" customers represented a significant source of revenues in its legacy segment; (3) consequently, Green Dot's strategy was self-sabotaging; and (4) as a result of the foregoing, defendants' statements about its business and operations were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased shares of Green Dot between May 9, 2018 and November 7, 2019 and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. The deadline for filing is February 18, 2020. You may contact Marc Ackerman, Esquire or Jordan Schatz, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/green-dot-corporation-nyse-gdot/, or by calling toll free 877-534-2590.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

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