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EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Jumia Technologies AG; Investors with Losses in Excess of $100K are Encouraged to Contact the Firm - JMIA
[May 15, 2019]

EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Jumia Technologies AG; Investors with Losses in Excess of $100K are Encouraged to Contact the Firm - JMIA


Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Jumia Technologies AG (NYSE: JMIA) from April 12, 2019 through May 9, 2019, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Jumia investors under the federal securities laws.

To join the Jumia class action, go http://www.rosenlegal.com/cases-register-1569.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Jumia had materially overstated its active customers and active merchants; (2) Jumia's representations about its orders, order cancellations, undelivered orders and returned orders lacked a sfficient factual basis and materially overstated Jumia's sales; (3) Jumia failed to sufficiently disclose related party transactions; (4) Jumia's financial statements were presented in violation of applicable accounting standards; and (5) as a result of the foregoing, defendants' positive statements about Jumia's business, operations, and prospects, were materially misleading and lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.



A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 15, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1569.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.


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