Le Lézard
Classified in: Business
Subject: ATY

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Reminds The RealReal, Inc. Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm


NEW YORK, Dec. 5, 2019 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of The RealReal, Inc. pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with RealReal's June 2019 initial public stock offering (the "IPO" or the "Offering") of the important January 24, 2020 lead plaintiff deadline in the case. The lawsuit seeks to recover damages for RealReal investors under the federal securities laws.

Rosen Law Firm, P.A. Logo

To join the RealReal class action, go to http://www.rosenlegal.com/cases-register-1678.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) the Company's employees received little training on how to spot fake items; (2) the Company's strict quotas on its employees exacerbated product authentication issues; (3) consequently, the potential for counterfeit or mislabeled items to make it through the Company's authentication process was higher than disclosed; and (4) 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.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 24, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1678.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com

SOURCE Rosen Law Firm, P.A.


These press releases may also interest you

at 19:08
Note: All times local Ottawa, Ontario Private meetings. 9:55 a.m. The Prime Minister will participate in a livestream conversation as part of the Leaders Event for Nature and People, a side event to the United Nations General Assembly. The event will...

at 19:02
EY today announced the availability of a new Explorer & Visualizer solution, an expansion of the EY Blockchain Analyzer product suite, beta version available free for individual use and soon to be available as-a-service on...

at 19:01
EY today announced the availability of the EY OpsChain Network Procurement solution, a first-of-its-kind solution built on the EY OpsChain platform that allows companies to run private, secure, end-to-end procurement activities on the...

at 17:00
InventisBio, a clinical stage biotech company dedicated to the research and development of innovative small molecule drugs, announced the recent completion of a $147 million series D financing which has attracted participation of many top...

at 14:31
In light of the COVID-19 pandemic, economic development organization Prospera will celebrate its signature annual fundraising events virtually. On Wednesday, September 30, Prospera Success Stories Day will consist of three online events for its...

at 14:02
Raising equity for commercial real estate projects is still very possible in this economic climate says Jared Cobert of Diligence Capital Advisors, the well established capital solutions firm based in Philadelphia, PA. Mr. Cobert sourced and closed...



News published on 5 december 2019 at 17:26 and distributed by: