New York, New York--(Newsfile Corp. - April 5, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Vroom, Inc. (NASDAQ: VRM) alleging that the Company violated federal securities laws.
Class Period: June 9, 2020 and March 3, 2021
Lead Plaintiff Deadline: May 21, 2021
Learn more about your recoverable losses in VRM:
http://www.kleinstocklaw.com/pslra-1/vroom-inc-loss-submission-form?id=14365&from=5
The filed complaint alleges that Vroom, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) 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; (2) as a result, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; (3) as a result, the ecommerce gross profit per unit was reasonably likely to decline; and (4) 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.
Shareholders have until May 21, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the VRM lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79411
