Financial News
SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against D-MARKET Electronic Services & Trading d/b/a Hepsiburada and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles - 
(NewMediaWire) - December 1, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against D-MARKET
Elektronik Hizmetler ve Ticaret Anonim Sirketi d/b/a Hepsiburada (“Hepsiburada” or “the
Company”) (NASDAQ: HEPS) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant
and/or traceable to the Company’s initial public offering conducted on July 1,
2021 (the “IPO”), are encouraged to contact the firm before December 20, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of
the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made
false and misleading statements to the market. Hepsiburada’s operational and
sales growth suffered a sharp deceleration in the second quarter of 2021. Based
on slow growth, the Company attempted to fortify certain high frequency product
categories while discounting others. These changes negatively impacted both
revenue and GMV. Based on these facts, the Company’s public statements
throughout the IPO period were false and materially misleading. When the market
learned the truth about Hepsiburada, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors
around the world and specializes in securities class action lawsuits and
shareholder rights litigation.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
View the original release on www.newmediawire.com
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