Shareholder Alert: Grabar Law Office Investigates Potential Claims Against Officers and Directors of Carvana Co. (CVNA)

Philadelphia, Pennsylvania--(Newsfile Corp. - September 9, 2022) - According to recently filed class action complaints, Carvana (NYSE: CVNA) and its officers and directors made materially false and misleading statements regarding the Company's business, operations, and compliance policies. As a result of its business practices, Carvana has faced regulatory actions including license suspensions, business cessation, and probation in several states and including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina. State regulators across the U.S. have been subjecting the company to suspensions or increased oversight over registration delays and the company's practice of issuing multiple temporary license plates from states where it has dealer's licenses, instead of promptly providing permanent ones.

If you have continuously held Carvana shares since on or before May 6, 2020, you can seek corporate reforms, the return of funds back to company coffers, and potentially a court approved incentive award if appropriate.

If you would like to learn more about this matter at no cost to you, visit https://grabarlaw.com/the-latest/carvana-shareholder-investigation/, contact us at jgrabar@grabarlaw.com or call 267-507-6085.

Attorney Advertising Disclaimer

These materials have been prepared by the Grabar Law Office for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Prior results referred to in these materials do not guarantee or suggest a similar result in other matters.

Contact:

Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136494