Securities
Jul. 29, 2022
Judge OKs $11M in stock case against luxury goods website
The RealReal lied about its process for authenticating consigned merchandise, shareholders said.
A federal judge granted final approval Thursday of an $11 million settlement of a securities fraud case against The RealReal Inc., a company that describes itself as the world’s largest online marketplace for authenticated, consigned used luxury goods.
The settlement fund, approved by U.S. District Judge Edward J. Davila in San Jose, will go into an interest-bearing escrow account for the class, which is made up of people who purchased Re...
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