Press release
Investigation announced for Long-Term Investors in Vroom, Inc. (NASDAQ: VRM)
An investigation on behalf of current long term investors in Vroom, Inc. (NASDAQ: VRM) shares.
Investors who are current long term investors in Vroom, Inc. (NASDAQ: VRM) 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: VRM stocks follows a lawsuit filed against Vroom, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: VRM stocks, concerns whether certain Vroom, Inc. (directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors, that 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, that, as a result, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels, that, as a result, the ecommerce gross profit per unit was reasonably likely to decline, and that, 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.
Those who purchased shares of Vroom, Inc. (NASDAQ: VRM) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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