Jumia Technologies AG (NYSE: JMIA)
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Hagens Berman Sobol Shapiro LLP alerts investors in Jumia Technologies AG (NYSE: JMIA) to the July 15, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Southern District of New York.
If you purchased or otherwise acquired securities of JMIA between April 12, 2019 and May 9, 2019 and suffered losses you do not need to sign up to be included in the putative class of investors. If you suffered losses in excess of $100,000, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case. If you wish to serve as a lead plaintiff in this class action contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing JMIA@hbsslaw.com.
According to the complaint, Defendants misled investors in part by concealing (1) Jumia materially overstated its active customers and active merchants, and (2) Jumia overstated its sales.
“We’re focused on investors’ losses, whether the matters raised by Citron on May 9, 2019 are correct, and the extent to which investors may have been misled,” said Hagens Berman partner Reed Kathrein.
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There is no cost or fee whatsoever involved in participating in this action. In the event Hagens Berman or any other firm obtains a settlement that provides benefits to class members, the court will decide a reasonable fee to be awarded to the class’ legal team. In no case will any class member ever be asked to pay any out-of-pocket sum.
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Hagens Berman believes that investors should be protected from corporate securities fraud and have the right to recover losses incurred in what they thought was a fiscally sound investment. Investing is a speculative business involving assessment of a variety of risks that can only be properly weighed with full disclosure of accurate information. No investor should suffer undue risk or incur losses due to misrepresentations related to their investment decisions. The firm vigorously pursues fraud recovery litigation, forcing corporations and mutual funds to answer to deceived investors.
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