ACCESSWIRE
04 Aug 2022, 03:37 GMT+10
NEW YORK, NY / ACCESSWIRE / August 3, 2022 /Attorney Advertising-- NEW YORK--(PR Newswire)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Carvana Co. ('Carvana' or the 'Company') (NYSE:CVNA) and certain of its officers, on behalf of a class consisting of all persons and entities that purchased or otherwise acquired Carvana securities between May 6, 2020 and June 24, 2022, both dates inclusive (the 'Class Period'). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/cvna.
This class action seeks to recover damages against Defendants for alleged violations of the Securities Act of 1934 (the 'Exchange Act').
The Complaint alleges that throughout the Cclass Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles; (2) as a result, Carvana was issuing unusually frequent temporary plates; (3) as a result of the foregoing, Carvana was violating laws and regulations in many existing markets; (4) as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets; (5) as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action; (6) Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues; (7) 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 (8) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/cvna or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Carvana you have until October 3, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationManila, Philippines: Amidst plans to resume an investigation into the Philippines' bloody "War on Drugs," President Ferdinand Marcos Jr ruled ...
LONDON, England: Prosecutors and police have charged a 20-year-old man, arrested in December 2021 with a crossbow while on the ...
BERLIN: Germany: A debate is raging in Germany over whether it should decommission its three remaining nuclear power plants as ...
WELLINGTON, New Zealand: After being shut since March 2020 due to the coronavirus pandemic, New Zealand's borders fully re-opened to ...
TEHRAN, Iran: This week, Iranian media reported that the country's border guards clashed with the Afghan Taliban in the latest ...
LONDON, UK - Myanmar's military has been accused of using Russian-made Yak-130 aircraft with ground attack capability against civilians to ...
CANBERRA, Australia: Australia's new government has announced plans to ban the development of a coal mine located near the Great ...
WASHINGTON D.C.: The U.S. Transportation Department said it could require airlines to offer passengers a refund if their flight schedules ...
LONDON, England: In 2023, America's Major League Baseball is set to return to London for the first time since 2019, ...
NEW YORK CITY, New York: A New York Federal Reserve report released this week indicated that Americans are struggling to ...
NEW YORK CITY, New York: The Department of Financial Services of New York State said it has fined the crypto ...
NEW YORK, New York - Wall Street was in disarray Friday despite positive news on the employment front which sent ...