Levi & Korsinsky, LLP announces that a REAL class action lawsuit has been commenced on behalf of investors who purchased The RealReal, Inc. (REAL) pursuant and/or traceable to the Company’s initial public offering in June 27, 2019. For more on the The RealReal Class Action please contact us today.
According to the The RealReal lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s employees received little training on how to spot fake items; (2) the Company’s strict quotas on its employees exacerbated product authentication issues; (3) consequently, the potential for counterfeit or mislabeled items to make it through Company’s authentication process was higher than disclosed; and (4) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
TO LEARN MORE ABOUT THE REAL CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/the-realreal-inc-loss-form?wire=9&prid=4617
If you suffered a loss in The RealReal you have until January 24, 2020 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, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171