The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Baozun Inc. Investors (BZUN)
14 January 2020 - 1:03PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Baozun Inc. (“Baozun” or the “Company”) (NASDAQ: BZUN)
investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On November 21, 2019, Baozun announced third quarter 2019
financial results that were below market expectations, and provided
dismal fourth quarter 2019 financial guidance. The Company
attributed the negative results and outlook to adverse impacts from
terminating its service agreement with one electronics brand.
Baozun did not disclose who that large electronics brand was, but
some in the financial media have suggested that it was Huawei.
On this news, Baozun’s share price fell $7.60 per share, or more
than 17%, to close at $35.90 per share on November 21, 2019.
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If you purchased Baozun securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200113005973/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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