Business Wire 8-Nov-2018 6:02 PM
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of GreenSky, Inc. (NASDAQ:GSKY) resulting from allegations that GreenSky may have issued materially misleading business information to the investing public.
On November 6, 2018, GreenSky 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. GreenSky attributed the reduction to a general labor shortage and unfavorable shifts in its loan mix. On this news, GreenSky's share price fell $5.38 per share or over 36% to close at $9.28 per share on November 6, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by GreenSky investors. If you purchased shares of GreenSky please visit the firm's website at https://www.rosenlegal.com/cases-1448.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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