VROOM INVESTORS – ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors of Lead Plaintiff Deadline in Class Action Lawsuit Against Vroom, Inc.

NEW ORLEANS, March 26, 2021 / PRNewswire / – Kahn Swick & Foti, LLC (“KSF”) and KSF Affiliate, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors about losses $ 100,000 that they have up May 21, 2021 Lead plaintiffs to file a class action lawsuit against Vroom, Inc. (NasdaqGS: VRM) for intermediate purchases of the company’s securities June 9, 2020 and March 3, 2021including (the “Class Period”). This action is still pending The United States District Court for the Southern District of new York.

What you can do

If you have purchased Vroom securities and would like to discuss your legal rights and the possible impact this case may have on you and your right to reimbursement of your economic loss, you can contact KSF Managing Partner Lewis Kahn free of charge at 1- 877-515-1850 or by email ([email protected]) or visit https://www.ksfcounsel.com/cases/nasdaqgs-vrm/ to learn more. If you want to appear as the lead plaintiff in this class action lawsuit, you must file a motion with the court May 21, 2021.

About the lawsuit

Vroom and some of his executives are accused of failing to disclose material information during the classroom, in violation of federal securities laws.

On March 3, 2021Once launched, the company announced its fourth quarter and full year 2020 financial results, announcing that its gross profit per unit for e-commerce vehicles fell 13.1% to in the fourth quarter $ 878This was primarily due to lower revenue margins, which were partially offset by improvements in inbound logistics and unit overhaul costs, as well as a 41.9% increase in net loss in the fourth quarter $ 60.7 million.

On the news, Vroom’s shares plummeted $ 12.29 per share or 27.9% to close at $ 31.61 per share on March 4, 2021in the case of unusually high trading volumes.

The case is Zawatsky v Vroom, Inc. et al., 21-cv-02477.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr.is one of the leading securities dispute law firms in the country. KSF assists a wide variety of clients – including public institutional investors, hedge funds, money managers and private investors – in their search for investment losses due to corporate fraud and misconduct by publicly traded companies. KSF has offices in new York, California and Louisiana.

To learn more about KSF, you can visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Executive Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 3200
New Orleans, LA 70163

SOURCE Kahn Swick & Foti, LLC

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