NEW YORK, Dec. 12, 2014 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities law firm, is
investigating potential securities fraud at Jumei International
Holding Limited ("Jumei" or the "Company") (NYSE:
JMEI).
The investigation focuses on whether the Company and its
executives violated federal securities laws by making false and
misleading statements and/or failing to disclose material facts
regarding its business and operations.
On November 19, 2014, Jumei
announced that gross profit as a percentage of net revenues
declined to 38% and gross profit as a percentage of total net gross
merchandise value declined to 22% and that the "decreases were
primarily due to an increase in promotional activities, which led
to relatively higher pricing discounts, as well as the higher
value-added tax paid as a result of a shift from beauty product
marketplace sales to merchandise sales."
Following this news, the price of Jumei stock declined by
$2.91 per share, or over 13%, to
close on November 20, 2014 at
$19.32 per share.
Request more information now by clicking here:
www.faruqilaw.com/JMEI. There is no cost or obligation to
you.
Take Action
If you invested in Jumei stock or options
prior to November 20, 2014 and would
like to discuss your legal rights, visit
www.faruqilaw.com/JMEI. You can also contact us by calling
Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to
rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding Jumei's conduct to
contact the firm, including whistleblowers, former employees,
shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
latest securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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Attorney Advertising. The law firm responsible for this
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(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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