The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Carvana Co. (“Carvana” or “the Company”) (NYSE: CVNA) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Carvana’s license to sell vehicles in Illinois was suspended by the Illinois Secretary of State’s office on May 18, 2022. The Secretary of State’s office claims the Company improperly issued out-of-state temporary registration permits and failed to transfer titles. The Company cannot sell vehicles in the state of Illinois during the suspension order.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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