ON DECK CAPITAL ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Continues its Investigation of On Deck Capital, Inc....
July 31 2015 - 8:45PM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating potential violations of the federal securities laws
by On Deck Capital, Inc. (NYSE: ONDK) and certain of its officers
and directors. On Deck provides financing products to small
businesses in the United States. It offers fixed term loans and
revolving lines of credit.
Specifically, Johnson & Weaver’s investigation seeks to
determine whether certain statements regarding On Deck’s business
and prospects were false and misleading when made.
On December 17, 2014, On Deck stock opened for trading at
$23.24, the same day that the Company sold 11.5 million shares of
stock in its initial public stock offering (the “IPO”). However,
just six months after its IPO in early July, On Deck common stock
had dropped below $12 per share, a decline of over 40% from the IPO
price and a nearly 60% decline from its approximately $28 per share
high. On Deck’s stock price decline has resulted from Company
issued press releases along with analysts’ reports regarding shifts
in its lending practices to less profitable channels and longer
term loans and the resulting material adverse effects on the
Company’s interest rate spread earnings.
If you have information that could assist in this
investigation, or if you are an On Deck shareholder and are
interested in learning more about the investigation or your legal
rights and remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150731005898/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
On Deck Capital (NYSE:ONDK)
Historical Stock Chart
From Apr 2024 to May 2024
On Deck Capital (NYSE:ONDK)
Historical Stock Chart
From May 2023 to May 2024