NEW YORK, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces it has commenced an investigation of The RealReal, Inc. (“RealReal” or “the Company”) (NASDAQ: REAL) concerning possible violations of federal securities laws.
According to a filed complaint, certain statements related to RealReal's initial public offering ("IPO") were materially false and misleading at the time of the IPO, because, at the time of the IPO, retailers were engaging in earlier-than-usual promotion in the luxury space. In response to these promotions, the Company reduced the price of the products on its website, which caused RealReal's average order value to remain essentially flat year-over-year and quarter-over-quarter.
To obtain additional information, go to:
https://www.zlk.com/pslra-1/the-realreal-inc-loss-form
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.