SAN DIEGO, March 10, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NASDAQ: REAL shares.
Investors, who purchased shares of The RealReal, Inc. (NASDAQ: REAL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On November 25, 2019, a lawsuit was filed against The RealReal over alleged Securities Laws Violations. The plaintiff alleges that the Registration Statement that was issued in connection with RealReal's June 2019 initial public stock offering (the "IPO") featured allegedly false and/or misleading statements and/or failed to disclose that the Company's employees received little training on how to spot fake items, that the Company's strict quotas on its employees exacerbated product authentication issues, that consequently, the potential for counterfeit or mislabeled items to make it through Company's authentication process was higher than disclosed, and that as a result, defendants' statements about RealReal'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.
Those who purchased The RealReal, Inc. (NASDAQ: REAL) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.