{"id":10154,"date":"2021-09-01T16:06:19","date_gmt":"2021-09-01T20:06:19","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10154"},"modified":"2021-09-01T16:06:19","modified_gmt":"2021-09-01T20:06:19","slug":"hyrecar-inc-hyre-subject-of-class-action-lawsuit-on-behalf-of-shareholders","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/hyrecar-inc-hyre-subject-of-class-action-lawsuit-on-behalf-of-shareholders\/","title":{"rendered":"HyreCar, Inc. (HYRE) Subject Of Class Action Lawsuit On Behalf Of Shareholders"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10155 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/HyreCar-Inc.-HYRE.jpg\" alt=\"HyreCar, Inc. (HYRE) is the subject of a class action lawsuit filed on behalf of shareholders regarding alleged violations of the federal securities laws.  If you purchased shares of HyreCar between May 14, 2021 and August 10, 2021 (class period), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is October 26, 2021.  HyreCar is a publicly-traded Los Angeles-based company that operates a car sharing marketplace, which allows car owners to rent their cars to drivers for ride-share services like Uber and Lyft.  HyreCar Press Release Causes Stock To Fall  After market close on August 10, 2021, HyreCar stated in a press release that in Q2 2021 the company had net losses of $9.3 million. The company\u2019s adjusted EBITDA loss was $7.1 million, which was more than four times higher than the $1.7 million adjusted EBITDA loss in the same quarter of the previous year.  According to the press release, gross profit for Q2 2021 was $0.8 million, which was less than one third what it was in the same quarter of the previous year.  At the same time the press release was issued, HyreCar filed a 10-Q with the SEC, which disclosed increasing costs of revenue during the quarter, which was attributed to higher insurance claims incidence.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/HyreCar-Inc.-HYRE.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/HyreCar-Inc.-HYRE-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>HyreCar, Inc. (HYRE) is the subject of a class action lawsuit filed on behalf of shareholders regarding alleged violations of the federal securities laws.<\/p>\n<p><strong>If you purchased shares of HyreCar between May 14, 2021 and August 10, 2021 (class period), please contact Silver Law Group <\/strong><strong>at (800) 975-4345 or at <\/strong><strong><a href=\"mailto:ssilver@silverlaw.com\" target=\"_blank\">ssilver@silverlaw.com<\/a><\/strong><strong>. The deadline to apply to be lead plaintiff (class representative) is October 26, 2021. <\/strong> <a href=\"https:\/\/www.silverlaw.com\/blog\/hyrecar-inc-hyre-subject-of-class-action-lawsuit-on-behalf-of-shareholders\/#more-10154\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HyreCar, Inc. (HYRE) is the subject of a class action lawsuit filed on behalf of shareholders regarding alleged violations of the federal securities laws. If you purchased shares of HyreCar between May 14, 2021 and August 10, 2021 (class period), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,1646],"tags":[],"class_list":["post-10154","post","type-post","status-publish","format-standard","hentry","category-class-action","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HyreCar, Inc. (HYRE) Subject Of Class Action Lawsuit<\/title>\n<meta name=\"description\" content=\"HyreCar Inc. 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(HYRE) subject of a class action lawsuit filed on behalf of shareholders regarding alleged violations of federal securities laws.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/HyreCar-Inc.-HYRE.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/hyrecar-inc-hyre-subject-of-class-action-lawsuit-on-behalf-of-shareholders\/","url":"https:\/\/www.silverlaw.com\/blog\/hyrecar-inc-hyre-subject-of-class-action-lawsuit-on-behalf-of-shareholders\/","name":"HyreCar, Inc. 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