Levi & Korsinsky Announces The RealReal Class Action Investigation; REAL Lawsuit

Class Action Reports

Levi & Korsinsky Announces The RealReal Class Action Investigation; REAL Lawsuit

Levi & Korsinsky, LLP

December 2, 2019

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.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com