Industry News

TMCNet: ATTENTION JUMIA INVESTORS: Kaskela Law LLC Announces Investigation of Jumia Technologies AG and Encourages Investors to Contact the Firm - JMIA

[May 10, 2019]

ATTENTION JUMIA INVESTORS: Kaskela Law LLC Announces Investigation of Jumia Technologies AG and Encourages Investors to Contact the Firm - JMIA

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 (News - Alert) 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.


[ Back To Shaping Influence's Homepage ]







INDUSTRIES


The JMRConnect team brings decades of experience garnered from multinational corporations, the public sector, NGOs and industry associations, and as such is able to provide clients with the expertise and strategy necessary for an impact campaign.

LEARN MORE

FEATURED CASE STUDY


Not only did JMRConnect significantly increase website traffic, organic visibility and optimize their SEO, but lead gen saw a drastic surge overall.

LEARN MORE

FEATURED INFOGRAPHIC


500% Increase in tracked top 3 keyword ranks (2 to 12)

LEARN MORE

Featured Influencer


For 30 years, Yorktel has gone the distance taking the complexities out of video and unified communications & collaboration (UC&C). As a video managed services and cloud provider, we bring your enterprise video communications to a new level, for today and tomorrow's technology. Yorktel - making complicated simple.

LEARN MORE