IMPORTANT FILING REMINDER – (NASDAQ: HEPS) END OF FILING CLASS ACTIONS: Bernstein Liebhard LLP reminds investors of the deadline to file a lead plaintiff motion in a securities class action against Hepsiburada (D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a / k / k / MARKET Electronic Services and Commerce).

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NEW YORK, November 19, 2021 / PRNewswire / – Bernstein Liebhard, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a lead plaintiff not later than December 20, 2021 in a securities class action lawsuit filed on behalf of investors, the securities of Hepsiburada (D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a / k / a D-MARKET Electronic Services & Trading) (“Hepsiburada” or the “Company” ) (NASDAQ: HEPS) by July 1, 2021 by August 26, 2021 (the “Class Period”). The lawsuit filed in The United States District Court for the Central District of California alleges violations of the Securities Act of 1934.

Bernstein Liebhard LLP. (PRNewsFoto / Bernstein Liebhard LLP) (PRNewsfoto / Bernstein Liebhard LLP)

if you Have purchased Hepsiburada securities and / or wish to discuss your statutory rights and options Please visit or contact Hepsiburada Shareholder Class Action Joe Seidman free of charge at (877) 779-1414 or [email protected].

According to the complaint, Hepsiburada and the declaration of registration were essentially inaccurate, misleading, and failed to state: (1) that Hepsiburada suffered a sharp slowdown in operations and sales growth in the second quarter of 2021; (2) as a result, the company has taken certain steps to strengthen its competitive position, including investing in electronics and radio frequency categories and downgrading certain categories; (3) that as a result of the foregoing, Hepsiburada’s revenue and GMV decreased in the second quarter of 2021; and (4) that, based on the foregoing, Defendants’ positive statements about the business, operations, and prospects of the Company were materially misleading and / or improperly based.

on July 1, 2021, Hepsiburada completed its IPO and sold approximately 62 million shares of common stock for $ 1200 per share.

on August 26, 2021, Hepsiburada announced its financial results for the second quarter of 2021 – the quarter that ended before the IPO closed – and reported that sales rose 5.2%, reflecting “the shift in the GMV mix in favor of the marketplace.” The company also announced that EBITDA was “negative TRY 188.6 million in Q2 2021 versus positive TRY 71.1 million in Q2 2020 and increased customer demand for low margin products.”

Because of this news, the company’s share price fell $ 3.05, or 25% to close around $ 8.97 per share August 26, 2021, with unusually high trading volumes.

At the time the lawsuit was filed, the company’s shares were trading as low as $ 5.30, a decrease of nearly 56% from that $ 12.00 IPO price per share that harms investors.

If you want to appear as the lead plaintiff, you have to go to court no later than December 20, 2021. A lead plaintiff is a representative party who acts on behalf of other members of the group in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you do nothing, you can remain an absent class member.

if you Have purchased Hepsiburada securities and / or wish to discuss your statutory rights and options Please visit https://www.bernlieb.com/cases/hepsiburada-heps-shareholder-class-action-lawsuit-fraud-stock-447/ or contact Joe Seidman free of charge at (877) 779-1414 or [email protected].

Bernstein Liebhard LLP has been recovering since 1993 $ 3.5 billion for its customers. In addition to representing retail investors, the firm has been hired by some of the largest public and private pension funds in the country to monitor their assets and litigate on their behalf. As a result of its success in hundreds of lawsuits and class actions, the firm has been listed on the National Law Journal’s “Plaintiffs Hot List” thirteen times and The Legal 500 for ten consecutive years.

ADVERTISING LAWYER. © 2021 Bernstein Liebhard LLP. The firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this report im State of Connecticut is Michael S. Bigin. Past results do not guarantee or predict a similar result with respect to future matters.

Contact information:

Joe Seidman
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

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SOURCE Bernstein Liebhard LLP


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