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GDOT Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Green Dot Corporation is Fair to Shareholders

via Business Wire

Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Green Dot Corporation (NYSE: GDOT) to Smith Ventures and CommerceOne Financial Corporation for $8.11 in cash and 0.2215 shares of a new publicly traded bank holding company for each share of Green Dot is fair to Green Dot shareholders.

Halper Sadeh encourages Green Dot shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The investigation concerns whether Green Dot and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Green Dot shareholders; (2) determine whether Smith Ventures and CommerceOne are underpaying for Green Dot; and (3) disclose all material information necessary for Green Dot shareholders to adequately assess and value the merger consideration.

On behalf of Green Dot shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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