INVESTOR ACTION REMINDER: 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
The Californer/10163516

LOS ANGELES, Nov. 22, 2021 /PRNewswire/ -- 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: https://www.prnewswire.com/news-releases/#finan..." rel="nofollow">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.

More on The Californer

• Xycota Biosciences Announces Nature Portfolio Publication Supporting Brain Repair Platform Targeting FTD and ALS
• Long Beach Parks, Recreation and Marine to Update Operating Hours and Programming at City Gyms
• Fabian Starr Announces "Back to the Arcade" Remix Album
• Attn: Book Critics, Poetry Lovers & Rock Stars: Help Rescue All these Great Poems from Obscurity
• Brainfyre Public Relations Introduces Program to Help Founders Build Media Readiness

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 [email protected].

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.

More on The Californer

• 106 Years Strong: The Liberty Group Celebrates a Century-Plus of Service and Unveils a Unified Family of Companies
• What they are saying: Overwhelming support for Governor Newsom's historic expansion of California's behavioral health capacity and treatment
• Airport Transportation Reaches All Five Continents Through Global Transportation Partner Network
• THINKWARE Announces Limited-Time St. Patrick's Day Discounts on ARC Series and F70 PRO Dash Cams
• ShutterChefs Launches AI Food Photography Platform — Pro Menu Images Under $1 Per Photo

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
[email protected]

SOURCE The Schall Law Firm

Related Links

www.schallfirm.com

---

Show All News | Report Violation