CLAIMSFILER ALERTS D-MARKET/HEPSIBURADA Investors to Lead Plaintiff Deadline in Class Action Lawsuit Against D-MARKET Electronic Services & Trading d/b/a Hepsiburada
NEW ORLEANS, December 1, 2021 / PRNewswire / – ClaimsFiler, a FREE shareholder intelligence service, reminds investors of losses of more than $ 100,000 that they have up December 20, 2021 Lead plaintiffs in a securities class action lawsuit against D-MARKET Electronic Services & Trading (d / b / a “Hepsiburada”) (NasdaqGS: HEPS) if they have acquired the Company’s American Depositary Receipts (“ADRs”) that in connection with his July 2021 Initial Public Offering (the “IPO”). This action is pending in The United States District Court for the southern district of new York.
D-MARKET investors should visit us at https://claimsfiler.com/cases/nasdaq-heps or call us toll free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.
About the lawsuit
D-MARKET and some of its executives are accused of failing to disclose material information in its IPO registration statement and prospectus, in violation of federal securities laws.
on August 26, 2021the company announced that sales grew a disappointing 5.2% in the second quarter of 2021 and that EBITDA was “negative TRY 188.6 million in the second quarter of 2021 versus a positive TRY 71.1 million in the second quarter of 2020 . . Position in electronics, investments to move into high frequency categories and increased customer demand for low margin products. ”
Because of this news, the company’s share price fell $ 3.05, or 25% to close around $ 8.97 per share.
The case is Golden Horn Asset and Management Ltd, v. D-MARKET Electronic Services & Trade Aktiengesellschaft a / k / a D-MARKET Electronic Services & Trading d / b / a / Hepsiburada, et al., No. 1: 21-cv-08634.
ClaimsFiler has a single mission: to serve as a resource to help retail investors reclaim their share of billions of dollars from stock class litigation settlements. At ClaimsFiler.com, investors can: (1) register free of charge to have access to information and comparison websites for various securities class action cases so that they can submit their own claims in a timely manner; (2) upload their portfolio transaction details to be notified of relevant securities cases in which they may have a financial interest; and (3) send inquiries to the law firm Kahn Swick & Foti, LLC for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.