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Radnor, Pennsylvania, December 4, 2021 (Global News Agency)-American law firm Kessler Topaz Meltzer & Check, LLP Investors are notified that the U.S. District Court for the Southern District of New York has filed a securities class action a Hepsiburada (“Hepsiburada”) against D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a/k/a D-MARKET Electronic Services & Trading d/b/ Starck stock code:Liver cirrhosis). The lawsuit alleges that the company violated federal securities laws, including omissions and fraudulent misrepresentations based on and/or traceable to American Depository Receipts and prospectuses (collectively referred to as the “Registration Statement”). Related to Hepsiburada’s initial public offering (“IPO”) in July 2021. Hepsiburada’s material misleading statements regarding its business, operations and prospects caused investors to suffer significant losses.
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Deadline for lead plaintiff: December 20, 2021
Course period: According to and/or can be traced back to July 1, 2021 IPO to October 21, 2021
Contact a lawyer to discuss your rights:
James Marlow, Esq. (484) 270-1453 or toll free (844) 887-9500 or email to info@ktmc.com
HEPSIBURADA alleged misconduct
Hepsiburada operates an e-commerce platform in Turkey, known as the “Amazon of Turkey”. On July 1, 2021, Hepsiburada submitted the prospectus in form 424B4, which forms part of the registration statement. In the IPO, Hepsiburada sold approximately 62,251,000 ADRs at a price of $12 per ADR, and obtained…
The full story can be found on Benzinga.com
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