The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against CarLotz, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / July 14, 2021 / Schall Law Firm, a national shareholder rights law firm, is reminding investors of a class action lawsuit against CarLotz, Inc. (“CarLotz” or “the Company”) (NASDAQ: LOTZ) for violating §§10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 published by the Securities and Exchange Commission.

Investors who acquired the Company’s securities between December 30, 2020 and May 25, 2021 inclusive (the “Class Period”) are advised to contact the Company before September 7, 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 free of charge. You can also contact us on the firm’s website at www.schallfirm.com or by email at [email protected].

In this case, the class has not yet been certified and you will not be represented by a lawyer until certified. If you do nothing, you can remain an absent class member.

According to the lawsuit, the company provided false and misleading information to the market. CarLotz suffered from a “logjam” in the second half of 2020 due to an inventory increase. The company’s gross profit per unit suffered from inventory issues. The company offered its customers aggressive pricing to minimize returns to its sourcing partner. The company’s gross profit per unit forecast was inflated. Because of these facts, the company’s public statements were false and materially misleading throughout the course period. When the market learned the truth about CarLotz, investors suffered damage.

Join the case to make up for your losses.

The law firm Schall represents investors worldwide and specializes in securities class actions and shareholder disputes.

The story goes on

This press release may be viewed as a solicitation in some jurisdictions under applicable law and ethical rules.

contacts

The Schall law firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE: The Schall law firm

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