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Vroom, Inc.

Corporate Governance / Derivative

  • Date:
  • 12/3/2021
  • Company Name:
  • Vroom, Inc.
  • Stock Symbol:
  • VRM
  • Status:
  • Investigating

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Vroom, Inc. (NASDAQ: VRM) on behalf of long-term stockholders following a class action complaint that was filed against Vroom on March 22, 2021. Our investigation concerns whether the board of directors of Vroom have breached their fiduciary duties to the company.
 

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements 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, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; (3) as a result, the ecommerce gross profit per unit was reasonably likely to decline; and (4) consequently, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
 

If you are a long-term stockholder of Vroom, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra B. Raymond by filling out the form below. There is no cost or obligation to you.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Vroom. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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