Jumei.com was sued by the firm Beauty refers to the release of false information

Sohu IT news

December 16th morning, announced that the United States Milberg LLP LLP, will represent the May 16, 2014 to November 19th to buy jumei.com stock investors have launched a class action lawsuit against the United States District Court for the Eastern District of New York, alleging that jumei.com and its specific executives violated the federal securities law, issued false and misleading statements to investors.

specifically includes:

1 jumei.com turned in sales from the third party platform to adjust the revenue model in the process of direct selling businesses failed to disclose;

The transformation of

2 model there is a huge risk for jumei.com existing profit model;

To expand in the market share of the third party platform that jumei.com

3 not as promised.

sum up, which led to jumei.com’s stock price decline and the damage to the interests of investors.

it is reported that this is the month of jumei.com in the United States suffered third games from investors collective action. Last week, Robbins Geller Rudman & Dowd LLP and The Rosen Law reason Firm two law firms have been similar to sue jumei.com, accusing it of not clear to investors the potential risks from the third party platform.

in addition, jumei.com also announced a $100 million stock repurchase program, is expected to be implemented in the next 12 months. In this regard, jumei.com founder Chen Ou said: "our implementation of the stock repurchase program reflects the company’s management growth prospects and fundamentals business confidence in jumei.com. The repurchase program reflects our commitment to the management of the company, that is, while maintaining adequate future growth flexibility and enhance shareholder value."

action events, jumei.com fell in Monday’s regular trading stocks in 5.33%, to close at $12.78. In the past 52 weeks, the highest price of $39.45 jumei.com. (Han Yang)

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