Phoenix Technology News Beijing on December 16th news, the U.S. law firm Milberg LLP announced on Monday that it was investigating the jumei.com (NYSE: JMEI), and in May 16, 2014 to November 19, 2014 (the class period) to buy jumei.com ADS (American Depositary Shares) of the investors in the United States District Court for the Eastern District of New York launched a class action against jumei.com.
claims that during the class period, jumei.com and some officials in violation of federal securities law, to the public investors, the spread of false, misleading statement.
specifically, jumei.com issued false and misleading statements and / or fails to disclose the following information: (1) jumei.com changed its revenue model, namely from the market as a commodity sales service transformation; (2) the transformation of jumei.com prior to the success of financial performance constitutes a huge risk; (3) and expand the market as service jumei.com not to its commitment.
claims that these facts are in unfavorable market after that, jumei.com shares fell in value, damage the interests of investors. Jumei.com’s stock price from 18 August 2014 hit $39.45 in December 11, 2014 fell to a low of $12.87 in value. (compiler / Xiao rain)