SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of On Deck Capital, Inc. – ONDK

NEW YORK, NY / ACCESSWIRE / July 17, 2015 / Pomerantz LLP is investigating claims on behalf of investors of On Deck Capital, Inc. (“On Deck” or the “Company”) (NYSE: ONDK). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether On Deck and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On December 16, 2014, On Deck priced its initial public offering (“IPO”) at $20.00, and sold 11.5 million shares of stock. However, six months after its IPO, On Deck common stock has dropped below $12 per share, a decline of over 40% from the IPO price, on news reports of rising default rates in On Deck’s loan portfolios, and the declining value of its business model.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz, LLP 

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