ATTENTION JUMIA INVESTORS: Kaskela Law LLC Announces Investigation of Jumia Technologies AG and Encourages Investors to Contact the Firm – JMIA
NEWTOWN SQUARE, Pa.–(BUSINESS WIRE)–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 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.
Contacts
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus
Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888)
715 – 1740
www.kaskelalaw.com
skaskela@kaskelalaw.com