Class Action Reports

VRM Class Action: Learn About the Vroom Lawsuit

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March 25, 2021

Levi & Korsinsky, LLP announces that a VRM class action lawsuit has been filed on behalf of investors who purchased Vroom, Inc.  (VRM) securities between November 11, 2020 and March 3, 2021. For more on the VRM Lawsuit please contact us today.

 

According to the Vroom lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Vroom had not demonstrated that it was able to control and scale growth in respect to its salesforce to meet the demand for its products; (2) as a result, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; (3) as a result, the eCommerce gross profit per unit was reasonably likely to decline; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

 

TO LEARN MORE ABOUT THE VRM CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Vroom you have until May 21, 2021, 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