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NEW YORK, Aug. 6, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of On Deck Capital, Inc. ("On Deck") (NYSE:ONDK) pursuant to On Deck's Registration Statement and Prospectus issued in connection with its December 16, 2014 Initial Public Offering.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired On Deck securities between February 28, 2011 and July 29, 2015, your rights may be affected by this action. To get more information go to:
According to the complaint, On Deck issued materially false and/or misleading statements to investors and/or failed to disclose information in the Company's registration statement issued in connection with the IPO, including that: (1) the actual rate of default for On Deck's loan portfolio was progressively rising; (2) and the real value of On Deck's loan portfolio was in material decline.
If you suffered a loss in On Deck you have until October 5, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comNEXT ARTICLE