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Faux Woes: The RealReal Lawsuit Reveals ‘Shortcuts’ and ‘Smoke and Mirrors’

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The RealReal’s shareholders are taking the company to task following widespread reports that the luxury resale platform’s core value proposition—genuine, authenticated premium items—was too good to be true. Plaintiff and shareholder Michael Sanders filed an amendment to a class action lawsuit in Northern California’s U.S. District Court on Friday, following an original complaint that the…

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