Block & Leviton is co-lead counsel in this derivative action brought by stockholders of Carvana Co. that challenges a conflicted, $600 million share issuance to favored insiders, including the company's CEO Ernest Garcia III and his father, Carvana's controlling stockholder, Ernest Garcia II
On June 30, 2022, the Delaware Court of Chancery denied motions to dismiss brought by Carvana and Garcia Junior. The action is now in the fact discovery stage.
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