An investigation on behalf of investors in Rent the Runway, Inc. (NASDAQ:RENT) shares over potential wrongdoing at Rent the Runway, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/01/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Rent the Runway, Inc.
Investors who purchased shares of Rent the Runway, Inc. (NASDAQ: RENT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Rent the Runway officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Brooklyn, NY based Rent the Runway, Inc. rents designer wear for women through its stores and online retail.
Rent the Runway, Inc. conducted its initial public offering ("IPO") in October 2021 and sold 17 million shares at $21 per share.
Rent the Runway, Inc. reported that its Total Revenue rose from $157.5 million for the 12 months period that ended on January 31, 2021, to $203.3 million for the 12 months period that ended on January 31, 2022, and that its Net Loss increased from $171.1 million to $211.8 million over those respective time periods.
Shares of Rent the Runway, Inc. (NASDAQ: RENT) declined to $2.145 per share during September 29, 2022.
Those who purchased shares of Rent the Runway, Inc. (NASDAQ: RENT) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.