An $11 million settlement between RealReal Inc. and investors who alleged they were misled about the strength of its authentication process ahead of its initial public offering in 2019 won preliminary approval from a federal judge in California.
The class, which includes all individuals who acquired RealReal securities pursuant or traceable to its IPO, will divvy up about $7.84 million. Each class member is expected to receive about $0.58 per share.
Class counsel is seeking $2.75 million in attorneys’ fees, plus up to $75,000 for litigation costs and expenses and $17,000 worth of service awards for the three named ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.