Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

TheRealReal, Inc. (REAL) Class Action Lawsuit (November 2019)

Closed

5:19cv7737 • November 25, 2019

Class Period Start

June 27, 2019

Class Period End

February 18, 2020

PSLRA Deadline

January 24, 2020

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

Jun 27, 2022

Sec11 Statutes of Repose

Jun 27, 2022

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

June 28, 2022

Settlement Fund

$11,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased The RealReal, Inc. (“TRR” or “Company”) common stock between June 27, 2019 and November 20, 2019, both dates inclusive.

Claim Administrator

Strategic Claims Services
The RealReal, Inc. Securities Litigation c/o Strategic Claims Services 600 N. Jackson St., Ste. 205 P.O. Box 230 Media, PA 19063
+1 866-274-4004
[email protected]

Settlement Website

www.strategicclaims.net/TRR

Hearing Date

July 28, 2022

Opt-out Deadline

July 7, 2022

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jun 8, 2023

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jul 28, 2022

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Mar 24, 2022

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Mar 24, 2022

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Nov 5, 2021

Proposed Settlement

Sep 23, 2021

Scheduling Order

Jun 14, 2021

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jun 1, 2021

Scheduling Order

Apr 30, 2021

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in TheRealReal, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 9, 2021

Scheduling Order

Mar 31, 2021

Motion to Dismiss Denied in Part

The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.

May 15, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Mar 31, 2020

First Amended Complaint

A new complaint has been filed on behalf of certain investors in TheRealReal, Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Feb 18, 2020

Scheduling Order

Feb 12, 2020

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Jan 30, 2020

Scheduling Order

Nov 25, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in TheRealReal, Inc..

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