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LOS ANGELES, May 27, 2019 (GLOBE NEWSWIRE) – The law firm Schall, a national shareholder rights litigation company, announces the filing of a clbad action against Jumia Technologies AG ("Jumia" or "the Company") (: JMIA) in the case of a breach of paragraphs 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated under this section by the US Securities and Exchange Commission.
Investors who purchased shares of the Company between April 12, 2019 and May 9, 2019 inclusive (the "Target Period") are encouraged to contact the Company prior to July 15, 2019.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, 424-303-1964, to discuss your rights free of charge. You can also contact us via the company's website at the address www.schallfirm.comor by email at [email protected].
The clbad, in this case, has not yet been certified and, until certification is obtained, you are not represented by a lawyer. If you choose to do nothing, you can remain a member of the missing group.
According to the complaint, the company made false and misleading statements to the market. Jumia overestimated its active traders and active customers. The company's statements regarding orders, cancellations, undelivered orders and returned orders did not constitute factual and overestimated sales. The company has not disclosed the transactions with related parties. On the basis of these facts, the public statements of the company were false and misleading. When the market learned the truth about Jumia, investors suffered damage.
Join the case recover your losses.
Schall's law firm represents investors from around the world and specializes in clbad actions in securities and shareholder rights litigation.
This press release may be considered as an advertisement by a lawyer in certain jurisdictions under the applicable law and rules of ethics.
CONTACT:
The law firm Schall
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
[email protected]
SOURCE:
The law firm Schall
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