{"id":470415,"date":"2021-04-02T16:41:45","date_gmt":"2021-04-02T20:41:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470415"},"modified":"2021-04-02T16:41:45","modified_gmt":"2021-04-02T20:41:45","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, April  02, 2021  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=x0C74WZ0t6-SMahwyb_QrbvTD-X9ThcjzUpjkxfOnxBn4Gh43litWRPdbZqvxfK59XsEdAHB2nOWPaoavEIkiQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Vroom, Inc. (\u201cVroom\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kU3VGumq1L6OEy4RpRksmZFli0hzKrAC_9cffs8205JgecwzbcZOCFWf3KXL6iu1mktEe-T26GHeNQqHOaseq6rJIcrOnIU3hWy3V91L2na2jq_vlgao4bTssCT15CKm\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">VRM<\/a>) securities during the period from June 9, 2020 through March 3, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">On March 3, 2021, after the market closed, Vroom announced its fourth quarter and full year 2020 financial results in a press release. 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<\/p>\n<p align=\"justify\">On this news, the Company\u2019s stock price declined by $12.29 per share, or approximately 27.9%, to close at $31.61 per share on March 4, 2021, on unusually heavy trading volume.<\/p>\n<p align=\"justify\">The lawsuit 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 align=\"justify\">If you acquired Vroom securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gu2cWbYg7x_uLxKJreteSO1Xv94aQCXye0K5lt8FQiKK3wpUAJmfJWnPh1YiVT3VpuDPHZXQfCE34V0Xhdb9_OXxpzn9bmqzNEjwF7zFcKY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Thomas W. Elrod<\/a> of Kirby McInerney at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=20bDzAsJVCPNLe3D_iDHsSK4M6oPhwg0droLw7KkHUVk6xmVQesBV64SfYXYUBK-vtsD2BLRnaTIZQyHtkLyp4d5D7gqtEcrHtLBndee7wQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a>, or by filling out <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-i71XHY1s0h890Z3qTCSirGYIM-0NVdvmimOM6omseWtekz9g04rqEop5_lxtKHR3J-ywgTCgM2G9yLPOPQISZCt8OJHrZSZ6dwGkzIvJNk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">this <\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4-kWtoo2VCvZIyHu4vgSumACExO01j_rlQRtuwjp-SodAn01OgrsOx3nXrXMKnBFSJbY0d0F6iKmCEO_5MBQ3-q7itQdlLhESZ4RCq97TQo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SzXG1Nb8MxeWjO_9Pk9Dh-MjvRd0h_Ce3rZJnTTlqXk9qxZmtltxiTyPQKyGhWeHbQHChSAPIfCfsFc0qQXrQg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">,<\/a> to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=x0C74WZ0t6-SMahwyb_QrTiSCWgd9UXxywDncSTJ5aGUz09STvMM71oM7QmmQLr411ZnSzG8Ti_iYRwosnivaQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, and whistleblower litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lMVWAYxjK7XsZw-QB5-VTrr8dZ1qfTv8JNRdFSpTFBop8UxZJv3vSVrve2TnQC1bD_WGQva9py-odJBKMWbOgg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>Contacts<\/p>\n<p>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq., (212) 371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=20bDzAsJVCPNLe3D_iDHsSK4M6oPhwg0droLw7KkHUUQW9wFY_BP8pl_vVQP4FqVuNeAcoJirrCKTe6ge1lCoo2ESO4SrftlIq2DylT9ufY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lMVWAYxjK7XsZw-QB5-VToR6bmNzFazR4KYA-KL7mtm0i3aK-j7RY8tkChvsrRIbgDIolPKk9HStyQCmlqu5Ew==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDkzNCM0MTA0MjM4IzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d0ac8ea2-54f2-4801-acfa-3585e3b59e31\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, April 02, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Vroom, Inc. (\u201cVroom\u201d or the \u201cCompany\u201d) (NASDAQ: VRM) securities during the period from June 9, 2020 through March 3, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On March 3, 2021, after the market closed, Vroom announced its fourth quarter and full year 2020 financial results in a press release. The Company reported that fourth quarter \u201cEcommerce Vehicle gross profit &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021&#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-470415","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>INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021 - 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\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 02, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Vroom, Inc. (\u201cVroom\u201d or the \u201cCompany\u201d) (NASDAQ: VRM) securities during the period from June 9, 2020 through March 3, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On March 3, 2021, after the market closed, Vroom announced its fourth quarter and full year 2020 financial results in a press release. The Company reported that fourth quarter \u201cEcommerce Vehicle gross profit &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-02T20:41:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDkzNCM0MTA0MjM4IzIwMjA2Njk=\" \/>\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=\"2 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\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021\",\"datePublished\":\"2021-04-02T20:41:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\\\/\"},\"wordCount\":472,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDkzNCM0MTA0MjM4IzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021 - Market Newsdesk","og_description":"NEW YORK, April 02, 2021 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Vroom, Inc. (\u201cVroom\u201d or the \u201cCompany\u201d) (NASDAQ: VRM) securities during the period from June 9, 2020 through March 3, 2021, inclusive (the \u201cClass Period\u201d). Investors have until May 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. On March 3, 2021, after the market closed, Vroom announced its fourth quarter and full year 2020 financial results in a press release. The Company reported that fourth quarter \u201cEcommerce Vehicle gross profit &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-02T20:41:45+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDkzNCM0MTA0MjM4IzIwMjA2Njk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021","datePublished":"2021-04-02T20:41:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/"},"wordCount":472,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDkzNCM0MTA0MjM4IzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-vroom-inc-and-encourages-investors-to-contact-the-firm-before-may-21-2021\/","name":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Vroom, Inc. and Encourages Investors to Contact the Firm Before May 21, 2021 - 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