INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Jumia Technologies AG and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Jumia Technologies AG (“Jumia” or “the Company”) (NYSE: JMIA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Citron Research published a report on May 9, 2019, focused on Jumia. Citron called the Company "most obvious fraud" it has seen in 18 years of publishing research. The report in particular notes "material discrepancies" between what was communicated in an investor presentation in October 2018, and what was presented to the SEC. Among the information revealed was that
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JMIA
News
- Jumia Egypt Partners with Premium Card to Support E-commerce Growth in Egypt [Yahoo! Finance]Yahoo! Finance
- Jumia Egypt Partners with Premium Card to Support E-commerce Growth in EgyptAccesswire
- Jumia Technologies AG (NYSE: JMIA) was upgraded by analysts at Royal Bank of Canada to a "hold" rating.MarketBeat
- Jumia Technologies AG (NYSE: JMIA) is now covered by analysts at Royal Bank of Canada. They set a "sector perform" rating and a $5.00 price target on the stock.MarketBeat
- Jumia to Present at the 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications ConferenceAccesswire
JMIA
Sec Filings
- 11/7/24 - Form 6-K
- 11/5/24 - Form SCHEDULE
- 10/16/24 - Form 6-K
- JMIA's page on the SEC website