Bragar Eagel & Squire, PC Investigates Vroom, Inc. on Behalf of Long-Term Shareholders and Encourages Investors to Contact the Company
NEW YORK, November 20, 2021– (COMMERCIAL THREAD) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Vroom, Inc. (NASDAQ: VRM) on behalf of long-term shareholders following a class action lawsuit filed against Vroom on March 22, 2021. Our investigation examines whether Vroom’s board of directors breached its fiduciary duties to the company.
The complaint alleges that throughout the Class Period, the Defendants made false and / or misleading statements and failed to disclose that: (1) Vroom had failed to demonstrate that she was able to control and d ” adapt the growth of its sales force to meet the demand for its products; (2) as a result, the Company was forced to reduce aging inventory to pass through its retail channels or liquidate in its wholesale channels; (3) as a result, the gross margin per unit of e-commerce was reasonably likely to decline; and (4) therefore, the Defendants’ positive statements regarding the business, operations and prospects of the Company were materially misleading and / or lacked reasonable basis.
If you are a long-term shareholder of Vroom, have any information, would like to learn more about these claims, or have any questions regarding this announcement or your rights or interests in any such matters, please contact Brandon Walker or Alexandra B. Raymond by e-mail at [email protected], or by phone at (212) 355-4648, or by fill out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertising. Past results do not guarantee similar results.
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