GreenSky Inc. investors may, as a class, pursue a suit accusing the fintech firm of misleading them about its 2018 initial public offering after a New York federal district judge granted certification.
The online loan application platform allegedly didn’t tell investors in its IPO that its revenue would drop when its partnership focus switched from the solar panel industry to healthcare companies. The investors, who sued just six months after the $1 billion offering, may proceed as a class, the U.S. District Court for the Southern District of New York said in an order docketed Tuesday.
The investors survived a ...
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