INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit Against Cnova N.V. & Encourages Investors With Loss...
10 February 2016 - 12:10PM
Business Wire
Goldberg Law PC (www.Goldberglawpc.com) announces that a class
action lawsuit has been filed against Cnova N.V. (“Cnova” or the
“Company”) (Nasdaq: CNV). Investors who purchased or otherwise
acquired shares between November 19, 2014 and December 18, 2015,
(the “Class Period”), are encouraged to contact the firm in advance
of the March 21, 2016, lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, we advise you to contact Michael Goldberg or Brian Schall,
of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del
Rey, CA 90292, at 800-977-7401, to discuss your rights without cost
to you. You can also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.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/or
misleading statements and/or failed to disclose that: (1) Cnova
overstated net sales; (2) Cnova failed to properly write-off the
value of certain returned items; (3) there was a material
discrepancy in accounts receivable related to the damaged/returned
items; (4) Cnova’s EBIT was overstated; and (5) Cnova lacked
adequate internal controls.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160209006896/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.com
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