LOS ANGELES–(COMMERCIAL THREAD) – Law firm Schall, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi d / b / a Hepsiburada ( “Hepsiburada” or “the Company”) (NASDAQ: HEPS) for violating securities laws.
The investigation focuses on whether the Company has made false and / or misleading statements and / or failed to disclose relevant information to investors. Hepsiburada announced its financial results for the second quarter of 2021 on August 26, 2021. The company announced that its revenues increased by 5.2% for the quarter. The Company also disclosed “a lower gross contribution mainly due to investments aimed at strengthening our position in electronics, investments to enter high frequency categories as well as increased customer demand for low margin products” . Based on this news, Hepsiburada’s ADS price has fallen sharply and is trading at less than half of its IPO price.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent member of the group.
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