Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Jumia Technologies AG (“Jumia” or the “Company”) (NYSE: JMIA) or certain of its officers and directors violated federal securities laws. If you purchased or otherwise own Jumia stock, and have suffered a loss, you are encouraged to contact Jonathan Zimmerman at (888) 398-9312 for more information.
On May 9, 2019, Citron Research (“Citron”) issued a report highlighting what it called, “material discrepancies” between what the Company reported in confidential investors presentations and what it shared with the U.S. Securities and Exchange Commission (“SEC”) in connection with its initial public offering in April 2019. In addition, Citron also referenced media from Nigeria accusing the Company of fraudulent activity.
On this news, Jumia’s stock price fell sharply from $33.11 per share on May 8, 2019 to close at $26.89 per share on May 9, 2019.
What You Can Do
If you purchased or otherwise own Jumia stock, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at jzimmerman@scott-scott.com, or visit the Jumia investigation page on our website at https://scott-scott.com/investigation/jumia-technologies-ag/.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190510005359/en/
Contacts:
Scott+Scott
Attorneys at Law LLP
(888) 398-9312
jzimmerman@scott-scott.com
