EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Jumei International Holding Limited –...
December 10 2014 - 10:38AM
Business Wire
The Rosen Law Firm announces that it is investigating potential
securities claims against Jumei International Holding (NYSE:JMEI)
resulting from allegations that the Company may have issued
materially misleading business information to the investing
public.
On May 16, 2014, Jumei launched its IPO and sold 11.1 million
shares to investors, reaching a share-price high of $28.28. Then on
November 19, 2014, Jumei announced less than expected third-quarter
earnings, suggesting that Jumei may have known of the slower growth
at the time of its IPO. Jumei’s total gross merchandise value had
only grown by 31.4% from the previous year, the slowest
year-on-year growth recorded. The stock has since collapsed,
closing at $15.08 on December 9, 2014.
The Rosen Law Firm is preparing a class action lawsuit to
recover losses suffered by Jumei shareholders as a result of this
adverse information. If you purchased Jumei stock before December
9, 2014, please visit the website at
http://rosenlegal.com/cases-463.html to join the class action and
to obtain more information. You may also contact Phillip Kim, Esq.
or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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