NEW YORK,Dec. 13, 2022/PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Rent the Runway, Inc. (""Rent the Runway" or the "Company") (NASDAQ:RENT). Such investors are advised to contactRobert S. Willoughbyat[email protected]or 888-476-6529, ext. 7980.
The investigation concerns whether Rent the Runway and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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OnJune 8, 2021, Comtech reported its operating results for the third fiscal quarter endedApril 30, 2021and updated its financial targets for fiscal 2021. Among other items, Comtech reported that it expected fiscal 2021 consolidated net sales to be in the range of$580 millionto$590 millionand explained that the "updated target primarily reflects a change in anticipated revenues in its Governmental Solutions segment due to the U.S. government'sApril 2021announcement to fully withdraw troops fromAfghanistanas well as other program changes."
On this news, Comtech's stock price fell$3.53per share, or 13.76%, to close at$22.13per share onJune 9, 2021.
Pomerantz LLP, with offices inNew York,Chicago,Los Angeles,Paris, andTel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the lateAbraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. Seewww.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
SOURCE Pomerantz LLP
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