San Diego, CA -- (SBWIRE) -- 11/09/2022 -- An investigation was announced for long-term investors in shares of Carvana Co. (NYSE: CVNA) concerning potential breaches of fiduciary duties by certain directors of Carvana Co.

Investors who are current long term investors in Carvana Co. (NYSE: CVNA) shares, 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 for current long term investors in NYSE: CVNA stocks follows a lawsuit filed against Carvana Co. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CVNA stocks, concerns whether certain Carvana Co. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles, that as a result, Carvana was issuing unusually frequent temporary plates, that as a result of the foregoing, Carvana was violating laws and regulations in many existing markets, that as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets, that as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action, that Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues, that Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina, and that as a result, defendants' statements about Carvana's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Carvana Co. (NYSE: CVNA) 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.