INVESTOR ALERT
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses in Excess of $100,000 Investing in Jumei International Holding Limited (JMEI) to Contact the Firm
NEW YORK, NY--(Marketwired - December 17, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Jumei International Holding Limited ("Jumei" or the "Company") (NYSE: JMEI).
The investigation focuses on whether the Company and its executives violated federal securities laws by making false and misleading statements and/or failing to disclose material facts regarding its business and operations.
On November 19, 2014, Jumei announced that gross profit as a percentage of net revenues declined to 38% and gross profit as a percentage of total net gross merchandise value declined to 22% and that the "decreases were primarily due to an increase in promotional activities, which led to relatively higher pricing discounts, as well as the higher value-added tax paid as a result of a shift from beauty product marketplace sales to merchandise sales."
Following this news, the price of Jumei stock declined by $2.91 per share, or over 13%, to close on November 20, 2014 at $19.32 per share.
Request more information now by clicking here: www.faruqilaw.com/JMEI. There is no cost or obligation to you.
Take Action
If you invested in Jumei stock or options prior to November 20, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/JMEI. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Jumei's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
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Attn: Richard Gonnello, Esq.
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