|Company Name||Vroom, Inc.|
|Class Period||June 9, 2020 to March 3, 2021|
|Motion Deadline||May 21, 2021|
The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Vroom, Inc. (NASDAQ: VRM). The case is currently in the lead plaintiff stage. Investors who purchased VRM stock or other securities between June 9, 2020 and March 3, 2021 may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email email@example.com or call 617-531-3917.
The case alleges that Vroom and its senior executives made misleading statements to investors and 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, Vroom was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; and (3) as a result, the ecommerce gross profit per unit was reasonably likely to decline.
Interested Vroom investors have until May 21, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. Investors do not need to be a lead plaintiff in order to be a class member. A lead plaintiff acts on behalf of all other investor class members in managing the class action. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.
Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.