{"id":469892,"date":"2021-04-01T11:03:20","date_gmt":"2021-04-01T15:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469892"},"modified":"2021-04-01T11:03:20","modified_gmt":"2021-04-01T15:03:20","slug":"deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\/","title":{"rendered":"DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders"},"content":{"rendered":"<div class=\"mw_release\">\n<p>LOS ANGELES, April  01, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jUQGSDP4FvsoIksw-nb3XgphS8iFwTjJsoYvaZtP-4zo00NTJzZzrVnSQnPkWQgAZbnS53PA3j-iLXIrIHMIzFKwCMSP6JeRrvY3cYGFzeZn3epBfw9MBbJhwBJL-FN6\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">The Law Offices of Frank R. Cruz<\/a> reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion.<\/p>\n<p>Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=n1m3TD6xVljUUKdFan82mQMzhbmfiyCw_qjRKKxPWUKytV9Clcd3j1DnCkI7cS0Mauc-5-2_E3r7DCYHM3K64tpVrPn4NKJQnD6lB6C316E=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fcruz@frankcruzlaw.com<\/a>.<\/p>\n<p>\n        <strong>Root, Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=UYwtCTuqgWyxtXM-hMizF10f_-CuQXgmU5GKmHoCjGiz-FRSuFLcdwLY7HgoT2xFT-Rbb542QfRm8rXYjrPbNQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ROOT<\/a>)<br \/>Class Period: October 28, 2020 \u2013 March 8, 2021<br \/>Lead Plaintiff Deadline: <strong>May 18, 2021<\/strong><\/p>\n<p>The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, the Offering Documents and Defendants failed to disclose to investors that: (1) Root would foreseeably fail to generate positive cash flow for at least several years following the IPO; (2) accordingly, the Company would foreseeably require significant cash infusions to meet its cash flow needs; (3) notwithstanding the Defendants\u2019 touting of Root\u2019s purportedly unique, data-driven advantages, several of the Company\u2019s established industry peers in fact possessed significant competitive advantages over Root with respect to, <em>inter alia<\/em>, telematics data and data engagement; and (4) as a result, the Offering Documents and Defendants\u2019 public statements throughout the Class Period were materially false and\/or misleading and failed to state information required to be stated therein.<\/p>\n<p>\n        <strong>Vroom, Inc.<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HOrawnSPkTR8TPDefOUV2BxL0vyp4QzkWAYQR7DwWg3GIlrqUbt_TbNjI88h6gOld6VVvsVaZmHesRlM8ah7FA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">VRM<\/a>)<br \/>Class Period: November 11, 2020 \u2013 March 3, 2021<br \/>Lead Plaintiff Deadline: <strong>May 21, 2021<\/strong><\/p>\n<p>The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that 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) that, as a result, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; (3) that, as a result, the ecommerce gross profit per unit was reasonably likely to decline; and (4) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>\n        <strong>Repro Med Systems, Inc. d\/b\/a KORU Medical Systems<\/strong> (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jwtauTFE3qRzm7dq_TW7pOqNW6xHMYd8bcsEaufLSR43x-ca73S9mFtSTlaGayCHrjK_EXOq-nbnKSVzPvQkaQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">KRMD<\/a>)<br \/>Class Period: August 4, 2020 \u2013 January 25, 2021<br \/>Lead Plaintiff Deadline: <strong>May 25, 2021<\/strong><\/p>\n<p>The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) starting in January 2020, KORU ramped up the use of allowances, including growth rebates, to retain key customers and to incentivize growth; (2) as the rebates accrued, the Company\u2019s net sales were reasonably likely to decline; and (3) as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>Follow us for updates on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xAD6iPXB1OmWxQXlqHoiAERKHnBcG6MHwUkWbdAHGB9Y67j_Ti8euMaCPl-3F4Tj30xApRB3HbvKFZ31kmVyTmCZPDCDpbn33aGHO8Mn4B4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">twitter.com\/FRC_LAW<\/a>.<\/p>\n<p>To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to\u00a0learn more\u00a0about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_Jcj71enKV4fW6m3WRRlbfP37eerFQt3veeHqC60f1xvG4bU1EevuU5s6waisOSeNlJjVxSbfxAkLR3fXgzorp0V-5UfTIWlRVQ50bvhPP0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">info@frankcruzlaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GPyClWma_pbPHwiJioEsPvPV69Mcr8NGGUmESJFssMl-6-LcmZgKa4LzP3mGGeMTu9r2rJLBH4aDzxJNAraQsSX5u-hyGdpjMS3uInucGII=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a>.\u00a0\u00a0 If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts<\/strong>\n      <\/p>\n<p>The Law Offices of Frank R. Cruz, Los Angeles<br \/>Frank R. Cruz, 310-914-5007<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=n1m3TD6xVljUUKdFan82mQMzhbmfiyCw_qjRKKxPWUKB9rdP5rEVe9ig_tUj4jp4t3BSDLD0TIBTmQ1bXJ5Fl6YoBoMYWdtn8NHT6-f7NeY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">fcruz@frankcruzlaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GPyClWma_pbPHwiJioEsPoPoIKOncoKvh_rz98DZmh0v-gDIZ8c-NVVmM42bBJ0hZlscoLTO5xPIAVwIhtT03EYhrDa1tH6QfO1oQ71RiT4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.frankcruzlaw.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDA2NyM0MTAyMDM3IzIxOTQyMzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0fd0fffd-92af-40a6-a213-f219b8b67f8b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES, April 01, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. Root, Inc. (NASDAQ: ROOT)Class Period: October 28, 2020 \u2013 March 8, 2021Lead Plaintiff Deadline: May 18, 2021 The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469892","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, April 01, 2021 (GLOBE NEWSWIRE) &#8212; The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.\u00a0 Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. Root, Inc. (NASDAQ: ROOT)Class Period: October 28, 2020 \u2013 March 8, 2021Lead Plaintiff Deadline: May 18, 2021 The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse &hellip; Continue reading &quot;DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T15:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDA2NyM0MTAyMDM3IzIxOTQyMzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. 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Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to fcruz@frankcruzlaw.com. Root, Inc. (NASDAQ: ROOT)Class Period: October 28, 2020 \u2013 March 8, 2021Lead Plaintiff Deadline: May 18, 2021 The complaint filed alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse &hellip; Continue reading \"DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T15:03:20+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDA2NyM0MTAyMDM3IzIxOTQyMzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-for-root-vrm-and-krmd-the-law-offices-of-frank-r-cruz-reminds-investors-of-class-actions-on-behalf-of-shareholders\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"DEADLINE ALERT for ROOT, VRM, and KRMD: The Law Offices of Frank R. 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