Refile: BUZZ-RumbleOn's former CEO threatens to file legal claims, shares drop

RideNow

12/07/2023 16:22

(Corrects typo in fourth bullet)
    ** Shares of online motorcycle retailer RumbleOn Inc
 RMBL.O  down 1.6% at $10.74
    ** Co says Marshall Chesrown, who stepped down from CEO's
role last month, sent a letter of resignation to the board as a
director of co
    ** Chesrown, in his letter, said that he is preparing to
file legal claims for more than $57 mln against the company,
some of its officers and directors, and their respective
affiliates
    ** Co noted certain allegations in a filing on June 15
surrounding Chesrown's use of company resources before he
stepped down from CEO's role
    ** RMBL has risen 64.1% YTD

 (Reporting by Sri Hari N S in Bengaluru)
 ((SriHari.NS@thomsonreuters.com;))