A5 (www.admin5.com) station network December 16th news, announced that the United States MilbergLLP LLP, will represent the May 16, 2014 to November 19th to buy jumei.com stock investors have launched a class action lawsuit against the United States District Court for the Eastern District of New York, and its executives accused jumei.com of violating the Federal Securities Law, issued false and misleading statements to investors.
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.
data show that in December 11, 2014, jumei.com’s American depositary share price fell to a low level of $12.87, and in August 18, 2014, rose to a high level of $39.45.
it is reported that this is the month of jumei.com in the United States suffered third games from investors collective action. Last week, Robbins Geller Rudman & Dowd LLP and TheRosen Law Firm causes the two law firms have been similar to sue jumei.com, accusing the latter not to investors a clear explanation of potential risks from the third party platform.
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.
yesterday, jumei.com also announced a $100 million stock repurchase program, is expected to be implemented in the next 12 months. In this regard, jumei.com founder Chen Ou said: "our implementation of the stock repurchase program reflects the company’s management growth prospects and fundamentals business confidence in jumei.com. The repurchase program reflects our commitment to the management of the company, that is, while maintaining adequate future growth flexibility and enhance shareholder value."
At noon today,
Chen ou for "America’s prosecution" incident micro-blog responded that why the United States sued? After all, the United States in the double negative impact of luxury and cut third party business under the recent slowdown, the stock fell. A bunch of Wall Street firms, jumped out to sue the United States, said we didn’t tell them before the listing will cut third party business line, are suspected of misleading investors. The prosecution goal, nature is compensation for the company, this law will make money. It has formed an industrial chain in the United States, the United States has a number of specialized firms staring at the listed company, as "the first plaintiff" for the first time, to obtain the maximum benefit. These firms and law.