Attorneys representing the United Association National Pension Fund accuse Ernie Garcia III, founder of Carvana, of artificially inflating stock prices sold by his father, Ernest Garcia II, to illegally profit off the sales through his trust.
PHOENIX (CN) — The United Association National Pension Fund is seeking further discovery in a class action accusing Carvana founder Ernie Garcia III of artificially inflating stock prices and profiting off his father’s $3.6 billion in insider sales.
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