Civil Litigation,
Securities
Mar. 25, 2022
Judge preliminarily approves settlement of securities action
A judge granted preliminary approval for an $11 million settlement Thursday to a class of plaintiffs who claimed a company they invested in artificially inflated their stock value before and after its initial public offering by lying about its business practices.
A judge granted preliminary approval for an $11 million settlement Thursday to a class of plaintiffs who claimed a company they invested in artificially inflated their stock value before and after its initial public offering by lying about its business practices. The plaintiffs said in their complaint The RealReal Inc. describes itself as the world's largest online marketplace for authenticated, consigned used luxury goods, with the company's biggest value coming fro...
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