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Stock impact report

VROOM ALERT: Bragar Eagel & Squire, P.C. Is Investigating Vroom, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Vroom, Inc. (VRM) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--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 Show less Read more
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