RealReal’s $11 Million Deal in Investor IPO Suit Gets Final Nod

An $11 million agreement between RealReal Inc. and investors who said they were misled about the strength of the luxury consignment retailer’s authentication process before its initial public offering will end their dispute after a federal judge in California gave final approval.

The class will split about $7.84 million, and class members will receive about $0.58 per share, according to the settlement approved Thursday by the US District Court for the Northern District of California. The class consists of people or entities that bought stock issued in connection with the company’s IPO between June 27, 2019, and Nov. 20, 2019, ...