Halper Sadeh LLP, a global investor rights law firm, announces the filing of a shareholder class action lawsuit against On Deck Capital, Inc. in connection with its sale to Enova International, Inc for $0.12 per share in cash and 0.092 shares of Enova common stock for each share of On Deck held. The lawsuit seeks damages and/or equitable relief on behalf of On Deck shareholders under the federal securities laws.
The lawsuit alleges that Defendants issued a materially incomplete and misleading registration statement recommending that On Deck shareholders vote in favor of the proposed sale of On Deck to Enova. According to the complaint, the registration statement contains materially incomplete and misleading information concerning, among other things, On Deck’s and Enova’s financial projections and the analyses performed by On Deck’s financial advisor.
If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Halper Sadeh LLP 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.
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Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.