SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Jumei Internati...
February 06 2015 - 6:00AM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Eastern
District of New York on behalf of purchasers of Jumei International
Holding Limited ("Jumei" or the "Company") (NYSE:JMEI) American
Depositary Shares ("ADSs") during the period between May 16, 2014
and November 20, 2014, inclusive (the "Class Period"). Investors
who wish to become proactively involved in the litigation have
until February 10, 2015 to seek appointment as lead plaintiff.
If you have suffered a loss from investment in Jumei ADSs
purchased on or after May 16, 2014 and held through the revelation
of negative information during and/or at the end of the Class
Period, as described below, and would like to learn more about this
lawsuit and your ability to participate as a lead plaintiff,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentsecuritiescases.html. You may
also request more information by contacting Brower Piven either by
email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above
action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in Company
ADSs during the Class Period. Brower Piven also encourages
anyone with information regarding the Company's conduct during the
period in question to contact the firm, including whistleblowers,
former employees, shareholders and others.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 and the Securities Act of 1933 by
virtue of defendants' failure to disclose during the Class Period
or in connection with the initial public offering of the Company's
ADSs that the Company was transitioning away from marketplace
services due to unreliable suppliers and was focusing more on
merchandise sales incurring additional costs and
expenses. According to the complaint, after this shift and the
consequences thereof were brought to light, the value of Jumei ADSs
declined substantially.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If
you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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