CVNA LAWSUIT ALERT: Levi & Korsinsky Notifies Carvana Co. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Sept. 22, 2022

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Carvana investors who were adversely affected by alleged securities fraud between May 6, 2020 and June 24, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/carvana-class-action-loss-submission-form?prid=32003&wire=4

CVNA investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Carvana faced serious, ongoing issues 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 was violating laws and regulations in many existing markets; (4) as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets; (5) as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action; (6) Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues; (7) Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina; and (8) as a result, Defendants' statements about Carvana's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT'S NEXT? If you suffered a loss in Carvana during the relevant time frame, you have until October 3, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.