ATTENTION JUMIA INVESTORS: Kaskela Law LLC Announces Investigation of Jumia Technologies AG & Encourages Investors to Contact...
10 Maio 2019 - 5:05PM
Business Wire
Kaskela Law LLC is investigating Jumia Technologies AG (NYSE:
JMIA) (“Jumia”) on behalf of the company’s investors. The
investigation seeks to determine whether Jumia violated the federal
securities laws in connection with statements made to investors,
and whether the company’s investors have been harmed as a result of
such statements.
On May 9, 2019, Citron Research published a report alleging that
Jumia has misrepresented to investors, among other things, its
active consumer and active merchant figures. The Citron report
further alleged that Jumia (i) “is a fraud and deserves immediate
SEC attention” and (ii) “is the most expensive US listed ecommerce
company with an unviable business.”
Following the publication of the Citron report, Jumia’s
shares declined $6.22 per share, or nearly 19% in value, to close
on May 9, 2019 at $26.89 per share. The following day the
company’s shares continued to decline in value.
Investors who purchased Jumia’s shares prior to May 9, 2019 and
suffered an investment loss in excess of $100,000 are encouraged to
contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 –
1740, or online at
http://kaskelalaw.com/case/jumia-technologies-ag/, to
discuss this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities
fraud, corporate governance, and merger & acquisition
litigation. For additional information about Kaskela Law LLC please
visit www.kaskelalaw.com.
This notice may constitute attorney advertising in certain
jurisdictions.
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version on businesswire.com: https://www.businesswire.com/news/home/20190510005490/en/
D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus
Boulevard, Suite 100Newtown Square, PA 19073(484) 258 – 1585(888)
715 – 1740www.kaskelalaw.comskaskela@kaskelalaw.com
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