The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Vroom, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Schall law firm, a national shareholder rights law firm, has announced it is filing a class action lawsuit against Vroom, Inc. (“Vroom” or “the Company”) (NASDAQ: VRM) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between November 11, 2020 and March 3, 2021 (including the “Class Period”) are advised to contact the Company before May 21, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights at no charge. You can also contact us on the company’s website at www.schallfirm.com or by email at firstname.lastname@example.org.
In this case, the class has not yet been certified and you will not be represented by a lawyer until certification. If you don’t take action, you can remain an absent class member.
According to the complaint, the company made false and misleading statements to the market. Vroom failed to demonstrate an ability to manage and scale its sales force to meet demand for its products. The company reduced aged inventory for sale through the retail channel and liquidated products through wholesale channels. As a result, the company’s gross profit per unit is likely to decrease. As a result of these facts, the company’s public statements were false and materially misleading. When the market learned the truth about Vroom, investors suffered damage.
Join the case to make up for your losses.
Schall law firm represents investors around the world and specializes in class action and shareholder disputes.
This press release may be viewed as a solicitor’s advertisement in some jurisdictions under applicable laws and ethical rules.
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The law firm Schall
Brian Schall, Esq.,