ROSEN, A LEADING LAW FIRM, Encourages Carvana Co. Investors to Seek Advice Ahead of Important Deadline in Firm’s First Securities Class Action Lawsuit

NEW YORK, August 5, 2022 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of Carvana Co. (NYSE: CVNA) securities between May 6, 2020 and June 24, 2022, both dates inclusive (the “Class Period”). If you wish to act as lead plaintiff, you must move the Court not later than October 3, 2022.

SO WHAT: If you purchased Carvana securities during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Carvana class action, go to https://rosenlegal.com/submit-form/?case_id=6457 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than October 3, 2022. A lead plaintiff is a representative party acting on behalf of the other class members to direct the litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the defendants throughout the class action period made false and/or misleading statements and/or failed to disclose that: (1) Carvana faced serious ongoing problems with documentation, registration and title with many of its vehicles; (2) as a result, Carvana was issuing unusually frequent temporary plates; (3) as a result of the foregoing, Carvana violated laws and regulations in many existing markets; (4) as a result of the foregoing, Carvana risked its ability to continue operations and/or expand operations in existing markets; (5) as a result of the foregoing, Carvana was exposed to an increased risk of government investigation and action; (6) Carvana was in discussions with state and local authorities regarding the aforementioned business tactics and issues; (7) Carvana was facing pending and pending regulatory action including license suspensions, cessation of business and probation in multiple states and counties, including in Arizona, Illinois, Pennsylvania, Michiganand North Carolina; and (8) therefore, the defendants’ statements regarding Carvana’s business, operations and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times. When the real details entered the market, the lawsuit claims investors suffered damages.

To join the Carvana class action, go to https://rosenlegal.com/submit-form/?case_id=6457 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future upturn does not depend on their status as lead plaintiff.

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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40e Floor
New York, NY 10016
Tel: (212) 686-1060
Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

SOURCE Rosen Law Firm, Pennsylvania