Press release
Deadline on October 3rd coming up in Lawsuit for Investors in Carvana Co. (NYSE: CVNA)
A Deadline is coming up on October 3, 2022, in the lawsuit for certain investors in Carvana Co. (NYSE: CVNA).
Investors who purchased shares of Carvana Co. (NYSE: CVNA) have certain options and there are strict and short deadlines running. Deadline: October 3, 2022. NYSE: CVNA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Carvana Co. (NYSE: CVNA) common shares between May 6, 2020, and June 24, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 6, 2020 and June 24, 2022, the defendants made false and/or misleading statements and/or failed to disclose that Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles, that as a result, Carvana was issuing unusually frequent temporary plates, that as a result of the foregoing, Carvana was violating laws and regulations in many existing markets, that as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets, that as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action, that Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues, that Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina, and that as a result, defendants' statements about Carvana's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Carvana Co. (NYSE: CVNA) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
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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