SHAREHOLER ALERT 257 0 Kommentare Pomerantz Law Reminds Shareholders With Losses on their Investment in On Deck Capital, Inc. of Class Action Lawsuit and Upcoming Deadline - ONDK

NEW YORK, NY--(Marketwired - Sep 4, 2015) - Pomerantz LLP announces that a class action lawsuit has been filed against On Deck Capital, Inc. ("On Deck" or the "Company") (NYSE: ONDK) and certain of its officers. The class action, filed in United States District Court Southern District of New York, and docketed under 15-cv-06126, is on behalf of a class consisting of all persons or entities other than defendants who purchased who purchased or otherwise acquired On Deck securities pursuant and/or traceable to On Deck's Registration Statement and Prospectus issued in connection with the Company's December 16, 2014 initial public offering ("IPO"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933 (the "1933 Act").

If you are a shareholder who purchased On Deck Capital, Inc. securities during the Class Period, you have until October 5, 2015 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

On Deck provides financing products to small businesses in the United States. It offers fixed term loans and revolving lines of credit. The Company processes and services its loans through its online platform.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) the true rate of default for the Company's loan portfolio was steadily increasing; (2) the true value of the Company's loan portfolio was in material decline; and (3) as a result of the foregoing, On Deck's public statements were materially false and misleading at all relevant times.