D-MARKET Elektronik Hizmetler ve Ticaret Anonim irketi a/k/a D-MARKET Electronic Services & Trading d/b/a/ Hepsiburada Class Action Lawsuit - HEPS

Company
D-MARKET Elektronik Hizmetler ve Ticaret Anonim irketi a/k/a D-MARKET Electronic Services & Trading d/b/a/ Hepsiburada (NASDAQ: HEPS)
Lead Plaintiff Deadline
December 20, 2021 (Expired)
Class Definition
pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s July 2021 initial public offering

Expired

Lead Plaintiff Deadline

Dec 20, 2021

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Allegations

(1) Hepsiburada suffered a sharp deceleration in operational and sales growth during second quarter 2021; (2) as a result, the Company initiated certain actions to fortify its competitive position, including investing in electronics and high frequency categories and discounting certain categories; (3) as a result of the foregoing, Hepsiburada’s revenue and Gross Merchandise Value had declined during second quarter 2021; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Eligibility

In order to be eligible to join the HEPS class action lawsuit, you must have incurred a loss on shares of Hepsiburada purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Hepsiburada during the relevant time frame, you have until December 20, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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