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Investigation for Investors in NASDAQ: REAL shares over possible Wrongdoing at The RealReal, Inc.

03-23-2020 08:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in The RealReal, Inc. (NASDAQ: REAL) shares over possible breaches of fi

An investigation on behalf of current long term investors in The RealReal, Inc. (NASDAQ: REAL) shares over possible breaches of fi

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of The RealReal, Inc..

Investors who are current long term investors in The RealReal, Inc. (NASDAQ: REAL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: REAL stocks follows a lawsuit filed against The RealReal, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: REAL stocks, concerns whether certain RealReal directors are liable in connection with the allegations made in that lawsuit.

According to that complaint the plaintiff alleges that that the Registration Statement that was issued in connection with the IPO featured allegedly false and/or misleading statements and/or failed to disclose that the Company's employees received little training on how to spot fake items, that the Company's strict quotas on its employees exacerbated product authentication issues, that consequently, the potential for counterfeit or mislabeled items to make it through Company's authentication process was higher than disclosed, and that as a result, defendants' statements about RealReal's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of The RealReal, Inc. (NASDAQ: REAL) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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