Cases & investigations

Cases & investigations

Poshmark, Inc.

Kaskela Law LLC announces that it is investigating Poshmark, Inc. (NASDAQ: POSH) (“Poshmark”) on behalf of the company’s investors.

On October 3, 2022, Poshmark announced that it had agreed to be acquired by Naver Corp. (“Naver”).  According to the announcement, Poshmark’s stockholders are expected to be cashed out of their investment position at a price of $17.90 per share in cash, a price that is over 10% lower than POSH’s 52-week high value.

The investigation seeks to determine whether Poshmark’s officers and/or directors failed to maximize the buyout price for Poshmark’s stockholders, or otherwise breached their fiduciary duties in agreeing to sell the company to Naver.

Poshmark shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

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