{"id":470304,"date":"2021-04-01T22:18:33","date_gmt":"2021-04-02T02:18:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470304"},"modified":"2021-04-01T22:18:33","modified_gmt":"2021-04-02T02:18:33","slug":"vrm-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-vroom-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vrm-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-vroom-inc\/","title":{"rendered":"VRM INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Vroom, Inc."},"content":{"rendered":"
\n

NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Vroom, Inc. (\u201cVroom\u201d or the \u201cCompany\u201d) (NASDAQ: VRM) from November 11, 2020, through March 3, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.<\/p>\n

If you\u00a0purchased Vroom securities, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit\u00a0Vroom Shareholder Class Action Lawsuit<\/a>\u00a0or contact\u00a0Matthew E. Guarnero<\/a>\u00a0toll free at\u00a0(877) 779-1414<\/strong>\u00a0or\u00a0MGuarnero@bernlieb.com<\/a><\/p>\n

The complaint alleges that throughout the Class Period, defendants made materially false and\/or misleading statements, as well as 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

On March 3, 2021, after the market closed, Vroom announced its fourth quarter and full year 2020 financial results in a press release. Therein, the Company reported that fourth quarter \u201cEcommerce Vehicle gross profit per unit decreased 13.1% to $878, driven primarily by lower sales margins, partially offset by improvements in inbound logistics and reconditioning costs per unit.\u201d Vroom also reported that for the fourth quarter, its \u201c[n]et loss increased 41.9% to $60.7 million.\u201d On this news, the Company\u2019s stock price fell $12.29 per share, or 27.9%, to close at $31.61 per share on March 4, 2021, on unusually heavy trading volume<\/p>\n

If you wish to serve as lead plaintiff, you must move the Court no later than May 21, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery does not require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n

If you\u00a0purchased Vroom securities, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit\u00a0https:\/\/www.bernlieb.com\/cases\/vroominc-shareholder-class-action-lawsuit-stock-fraud-383\/apply\/<\/a> or contact\u00a0Matthew E. Guarnero<\/a>\u00a0toll free at\u00a0(877) 779-1414<\/strong>\u00a0or\u00a0MGuarnero@bernlieb.com<\/a><\/p>\n

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n

ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n

Contact Information<\/p>\n

Matthew E. Guarnero
Bernstein Liebhard LLP
https:\/\/www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Vroom, Inc. (\u201cVroom\u201d or the \u201cCompany\u201d) (NASDAQ: VRM) from November 11, 2020, through March 3, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934. If you\u00a0purchased Vroom securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0Vroom Shareholder Class Action Lawsuit\u00a0or contact\u00a0Matthew E. Guarnero\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0MGuarnero@bernlieb.com The complaint alleges that throughout the Class Period, defendants made materially false and\/or … <\/p>\n

Continue reading “VRM INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Vroom, Inc.”<\/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-470304","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nVRM INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Vroom, Inc. - 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\/vrm-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-vroom-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VRM INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against Vroom, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Vroom, Inc. (\u201cVroom\u201d or the \u201cCompany\u201d) (NASDAQ: VRM) from November 11, 2020, through March 3, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934. If you\u00a0purchased Vroom securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0Vroom Shareholder Class Action Lawsuit\u00a0or contact\u00a0Matthew E. 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