Chancellor Kathaleen McCormick of the Delaware Court of Chancery. Courtesy photo. Lax Title Transfer Compliance Netted Carvana Insiders Billions, Lawsuit Alleges
A complaint brings Caremark, Massey, Brophy and unjust enrichment claims asserting Carvana's lack of compliance with state laws has lost the company billions of dollars and opened the door for billions more in liability.
June 13, 2023 at 03:56 PM
3 minute read
Automotive
A shareholder has filed a lawsuit against Carvana in the Court of Chancery, alleging company leadership routinely scrimped on title transfer and registration obligations for personal financial gain.
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