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GDOT.US

id: 1731

Green Dot Corporation ($GDOT) Investor Settlement

The settlement terms have been submitted to the court for approval.

$40,000,000

Cash Settlement

C.D. California

Court

2:19-cv-10701

Case number

05/09/2018

Class period Start

11/07/2019

Class period End

Green Dot Corporation has agreed to a settlement with ($GDOT) investors over claims it misled them by inflating customer account numbers and concealing internal control issues.

Case Type

US Securities Class Action

Case Status

Stipulative Settlement

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose

Suspected Party

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

1.21

Filing date

12/18/2019

Plaintiffs

New York Hotel Trades Council & Hotel Association of New York City, Inc. Pension Fund

Attorneys

Robbins Geller Rudman & Dowd LLP

Defendants

Steven W. Streit; Mark Shifke

Judge

Fernando L. Aenlle-Rocha

Administrator

A.B. Data Ltd

Attorney fee

$13,575,000

Trades matching type

FIFO

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