San Diego, December 5, 2025
Scott+Scott Attorneys at Law LLP is investigating whether the board of Green Dot Corporation breached fiduciary duties by approving an inadequate buyout offer from CommerceOne Financial Corporation and Smith Ventures, LLC. Shareholders are slated to receive $8.11 in cash and shares in a new holding company, but concerns have been raised about the transaction’s actual value. Legal claims may be available for those affected.
San Diego, California
Scott+Scott Attorneys at Law LLP Investigates Green Dot Corporation’s Proposed Buyout
Scott+Scott Attorneys at Law LLP, an international securities and consumer rights litigation firm, is investigating whether the directors of Green Dot Corporation (NYSE: GDOT) breached their fiduciary duties to Green Dot’s shareholders in approving a buyout by CommerceOne Financial Corporation and Smith Ventures, LLC for inadequate consideration.
On November 24, 2025, Green Dot announced it had reached agreements to be bought out by CommerceOne and Smith Ventures, with CommerceOne acquiring Green Dot Bank and Smith Ventures acquiring Green Dot’s non-bank financial technology business. Existing Green Dot shareholders will receive $8.11 in cash and 0.2215 shares in the newly formed bank holding company per existing Green Dot share. Green Dot stated that the “implied value” of the transactions is estimated to be between $825 million – $1.1 billion, or $14.23 – $19.18 per share.
Scott+Scott is investigating whether Green Dot’s board of directors failed to maximize the value of Green Dot for the benefit of Green Dot’s shareholders in connection with its announced buyout by CommerceOne and Smith Ventures, in breach of their fiduciary duties to Green Dot’s shareholders, and whether Green Dot’s shareholders have suffered damages as a result.
If you own shares of Green Dot, you may have legal claims against Green Dot’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or [email protected].
About Scott+Scott Attorneys at Law LLP
Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoing, including securities law and shareholder violations. With more than 100 attorneys in nine offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States.
Attorney Advertising
Contacts
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300, San Diego, CA 92101
(844) 818-6982
Industry:
- Class Action Lawsuit
- Professional Services
- Legal
More News From Scott+Scott Attorneys at Law LLP
- UNIVERSAL HEALTH SERVICES INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Universal Health Services’s Directors and Officers for Breach of Fiduciary Duties – UHS
- Scott+Scott Attorneys at Law LLP Files Securities Class Action Against Jayud Global Logistics Limited et al (NASDAQ: JYD)
- BANK OF NEW YORK MELLON INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates The Bank of New York Mellon Corporation’s Directors and Officers for Breach of Fiduciary Duties – BK
Green Dot Corporation (GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.
Green Dot Corporation’s stock is currently trading at $13.21 per share, with a slight increase of $0.01 (0.08%) from the previous close. The intraday high is $13.46, and the intraday low is $13.17. The latest open price was $13.25, with an intraday volume of 1,119,188 shares. The latest trade time is Friday, December 5, 2025, at 00:15:00 UTC.
Frequently Asked Questions (FAQ)
What is Scott+Scott Attorneys at Law LLP investigating?
Scott+Scott Attorneys at Law LLP is investigating whether the directors of Green Dot Corporation breached their fiduciary duties to Green Dot’s shareholders in approving a buyout by CommerceOne Financial Corporation and Smith Ventures, LLC for inadequate consideration.
What is the proposed buyout offer for Green Dot Corporation?
The proposed buyout offer includes $8.11 in cash and 0.2215 shares in the newly formed bank holding company per existing Green Dot share. The implied value of the transactions is estimated to be between $825 million and $1.1 billion, or $14.23 to $19.18 per share.
How can Green Dot shareholders get more information about this investigation?
Green Dot shareholders can contact attorney Joe Pettigrew toll-free at (844) 818-6982 or via email at [email protected] for more information about this investigation and their legal rights.
What is the current stock price of Green Dot Corporation?
As of December 5, 2025, Green Dot Corporation’s stock is trading at $13.21 per share, with a slight increase of $0.01 (0.08%) from the previous close. The intraday high is $13.46, and the intraday low is $13.17.
What is Green Dot Corporation?
Green Dot Corporation is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.
| Key Feature | Details |
|---|---|
| Investigating Law Firm | Scott+Scott Attorneys at Law LLP |
| Corporate Target | Green Dot Corporation (NYSE: GDOT) |
| Buyout Offer | $8.11 in cash + 0.2215 shares of new holding company |
| Implied Value Range | $825 million – $1.1 billion |
| Shareholder Impact | Legal claims possible for directors’ conduct |
| Legal Contact | Joe Pettigrew, (844) 818-6982 |
| Current Stock Price | $13.21 as of December 5, 2025 |
Deeper Dive: News & Info About This Topic
HERE Resources
Author: STAFF HERE SAN DIEGO WRITER
The SAN DIEGO STAFF WRITER represents the experienced team at HERESanDiego.com, your go-to source for actionable local news and information in San Diego, San Diego County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Comic-Con International, San Diego County Fair, and San Diego Pride Festival. Our coverage extends to key organizations like the San Diego Regional Chamber of Commerce and United Way of San Diego County, plus leading businesses in biotechnology, healthcare, and technology that power the local economy such as Qualcomm, Illumina, and Scripps Health. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECostaMesa.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HEREMissionViejo.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
