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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of GreenSky Inc (NASDAQ: GSKY) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of GreenSky Inc (NASDAQ: GSKY) concerning whether a series of statements by GreenSky Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 6, 2018, the Company lowered its full year 2018 transaction volume guidance from between $5.1 and $5.3 billion to between $4.9 and $5.1 billion, and lowered its full year 2018 Adjusted EBITDA guidance from between $192 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.
Following this news, NASDAQ: GSKY fell over 36% on November 6, 2018, harming investors.
Based in Atlanta, Georgia, and founded in 2017 GreenSky Inc provides point-of-sale financing and payment solutions to merchants, consumers, and banks.
If you purchased shares of GreenSky Inc (NASDAQ: GSKY) on or before November 6, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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