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The RealReal to Pay $11.5 Million in Lawsuit Settlement

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

A squabble between The RealReal and select shareholders surrounding the luxury resale platform’s authentication practices and their alleged impact on the company’s IPO appears to have come to a close. According to its third-quarter earnings report, San Francisco-based luxury resale company will pay out $11.5 million to settle ongoing shareholder class action cases against the…

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