NEW YORK, Aug. 10, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Green Dot Corporation ("Green Dot" or the "Company") (NYSE: GDOT).
The investigation focuses on whether Green Dot and its executives violated federal securities laws by failing to disclose that: (1) the Company's new internal risk policies and procedures were negatively impacting Green Dot's growth in new account activations; (2) certain of Green Dot's retailers were planning to start selling competitive GPR products in addition to the Company's products; and (3) the Company lacked historical data to accurately predict how other retailers' sales of competitive GPR products would impact Green Dot's sales.
Request more information now by clicking here: www.faruqilaw.com/GDOT. There is no cost or obligation to you.
If you purchased Green Dot securities between January 26, 2012 and July 26, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/GDOT. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected] or [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Green Dot's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP