Rent the Runway

RENT

ATLANTA, GA – – (ACCESSWIRE – November 15, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Rent the Runway, Inc. (“Rent the Runway” or the “Company”) (NASDAQ: RENT).  The lawsuit alleges Rent the Runway’s Registration Statement contained materially false and/or misleading statements and/or failed to disclose that: (1) the Company was facing extraordinary business headwinds due to the pandemic; (2) that active subscriber enrollments had sharply decelerated; (3) the Company needed to substantially increase marketing and advertising costs in order to attempt to grow its active subscriber network; (4) that fulfillment and transportation costs were ballooning; (5) as a result, the Company was suffering accelerating operational losses at the time of the IPO and was far less likely than was represented to achieve profitability in the near term.

 

If you bought shares of Rent the Runway pursuant and/or traceable to the Company’s October 2021 IPO and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/rent-the-runway/ to learn more.

 

The deadline to ask the court to be appointed lead plaintiff in the case is January 13, 2023.

Registration Deadline

Lead Plaintiff Deadline Has Passed

January 13, 2023

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