Jumia Technologies AG (NYSE: JMIA)

DEFENDANT NAME: Jumia Technologies AG
STOCK SYMBOL: NYSE: JMIA
CASE NUMBER:
CASE NAME:
COURT: U.S. District Court for the Southern District of New York
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: Apr. 12, 2019 - May 9, 2019
LEAD PLAINTIFF DEADLINE: July 15, 2019
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 JMIA@hbsslaw.com

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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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05/09/19: Investigation