Law Firm Investigates Carvana

By Staff Writer May 27, 2022

Bragar Eagel & Squire, P.C., a stockholder rights law firm, is investigating claims against Carvana Co. on behalf of Carvana stockholders, the firm stated in a May 25 press release. Its investigation concerns whether Carvana has violated the federal securities laws and/or engaged in other unlawful business practices.

On May 18, 2022, the Illinois Secretary of State’s office announced that Carvana’s license to sell vehicles in Illinois was suspended on May 10 due to the misuse of issuing out-of-state temporary registration permits and for failing to transfer titles. The Secretary of State’s office stated that vehicles that have already been purchased but not yet delivered can still be delivered to the purchasers during the suspension, but no new vehicle sales can occur in Illinois during the suspension order.

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Last modified on Thursday, 02 June 2022 13:17