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On Deck Capital, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors
[August 31, 2015]

On Deck Capital, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors


Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed in the United States District Court for the Southern District of New York against On Deck Capital, Inc. ("On Deck") (NYSE: ONDK) and several officers and directors for acts taken during the period of February 28, 2011 and July 29, 2015 (the "Class Period).



Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of On Deck. If you are an affected On Deck shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at [email protected], Patrick Powers at Powers Taylor LLP via email at [email protected], or call toll free at (877) 728-9607. There is no cost or fee to you.

According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that On Deck failed to disclose in its registration statement that the actual rate of default for its loan portfolio was progressively rising. According to the complaint, On Deck also failed to disclose that the real value of its loan portfolio was in material decline.


The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.


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