CHICAGO — Camping World and its chairman, investor Marcus Lemonis, are facing legal action from investors unhappy with the loss of millions of dollars linked to the acquisition of the Gander Mountain franchise, the Cook County Record reported.
Since the initial class action was lodged in federal court in Chicago on Oct. 19, several parties have asked Judge Rebecca Pallmeyer to appoint them as lead plaintiff in the matter, and their lawyers as lead class counsel.
David Ronge, the named plaintiff on the original complaint, owns Class A common stock in the Lincolnshire-based company that is one of the country’s leading retailers of recreational vehicles, trailers and outdoor supplies. He said Camping World artificially inflated stock prices and asked Pallmeyer to certify a class of shareholders who bought stock from March 8, 2017, to Aug. 7, 2018.
The full story is available at CookCountyRecord.com.