Energy News / Shareholders Foundation, Inc.

NASDAQ:JMIA Long Term Investor Alert: Investigation of Potential Wrongdoing at Jumia Technologies AG

Via: ReleaseWire

Updated 8:15 AM CDT, Wed, July 31,2019

An investigation on behalf of current long term investors in Jumia Technologies AG (NASDAQ: JMIA) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ: JMIA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 07/31/2019 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Jumia Technologies AG.

Investors who are current long term investors in Jumia Technologies AG (NASDAQ: JMIA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: JMIA stocks follows a lawsuit filed against Jumia Technologies AG over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: JMIA stocks, concerns whether certain Jumia Technologies directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that Jumia Technologies AG had materially overstated its active customers and active merchants, that Jumia's representations about its orders, order cancellations, undelivered orders and returned orders lacked a sufficient factual basis and materially overstated the Company's sales, that Jumia Technologies AG failed to sufficiently disclose related party transactions, and that Jumia's financial statements were presented in violation of applicable accounting standards.

Those who purchased shares of Jumia Technologies AG (NASDAQ: JMIA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqjmia-long-term-investor-alert-investigation-potential-wrongdoing-1251112.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com