NOTICE TO RENT INVESTORS: TOP LEGAL LAW FIRM ROSEN Encourages Rent the Runway, Inc. Investors With Losses to Find Counsel Ahead of Important Deadline in Securities Class Action – RENT |

NEW YORK, November 17, 2022 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Rent the Runway, Inc. (NASDAQ: RENT) securities pursuant to and/or traceable to the Company’s initial public offering conducted in October 2021 (the “IPO”). If you wish to act as lead plaintiff, you must move the Court not later than January 13, 2022.

SO WHAT: If you purchased Rent the Runway titles, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Rent the Runway class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9809 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than January 13, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the IPO’s offering documents failed to disclose the following material facts: (1) Rent the Runway continued to face extraordinary headwinds, such as headwinds in transportation and labor wage increases due to the COVID-19 pandemic; (2) Rent the Runway’s active subscriber signups had slowed sharply from the growth trajectory depicted in the offering documents and as a result Rent the Runway was several months away from approaching its subscription levels pre-pandemic assets; (3) Rent the Runway needed to significantly increase marketing and advertising costs over historical figures in an attempt to grow its network of active subscribers; (4) Rent the Runway suffered from rising fulfillment and transportation costs; and (5) as a result, Rent the Runway was experiencing rapidly escalating operational losses at the time of the IPO and was far less likely to achieve near-term profitability, if ever, than depicted.

To join the Rent the Runway class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9809 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firmon Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Lawyer advertisement. Previous results do not guarantee a similar result.

Contact information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, Pennsylvania

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

Show original content to download multimedia:https://www.prnewswire.com/news-releases/rent-investor-notice-rosen-a-top-ranked-law-firm-encourages-rent-the-runway-inc-investors-with-losses-to- secure-counsel-before-important-date-limit-in-securities-class-action–rent-301681003.html

SOURCE Rosen Law Firm, Pennsylvania

Comments are closed.