HEPS Investors Have Opportunity to Lead D-MARKET Securities Fraud Prosecution d / b / a / Hepsiburada | 2021-11-11 | Press Releases


LOS ANGELES, November 11, 2021 / PRNewswire / – Glancy Prongay & Murray LLP (“GPM”) Announces Substantial Loss Investors Have Opportunity to Bring Securities Fraud Class Action Against D-MARKET Electronic Services & Trading d / b / a / Hepsiburada (“Hepsiburada” or the “Company”) (NASDAQ: HEPS).

Class period: July 2021 Initial Public Offering

Lead applicant’s deadline:20 December 2021

If you would like to serve as the lead plaintiff in the Hepsiburada lawsuit, you can submit your details at www.glancylaw.com/cases/d-market-electronic-services-trading-dba-hepsiburada/. You can also contact Charles H. Linehan, from GPM at 310-201-9150, toll-free at 888-773-9224, or by email at [email protected] to learn more about your rights.

The complaint in the action alleges that the registration statement was materially false and misleading and failed to state: (1) that Hepsiburada suffered a sharp deceleration in operational growth and sales during the second quarter of 2021; (2) that as a result, the Company has taken certain actions to strengthen its competitive position, in particular by investing in the electronic and high frequency categories and by reducing certain categories; (3) that due to the above, Hepsiburada’s revenue and GMV decreased in the second quarter of 2021; and (4) that as a result of the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were materially misleading and / or lacked reasonable basis.

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To be a member of the class action, you do not need to take any action at this time; you can retain the services of the lawyer of your choice or take no action and remain an absent member of the class action. If you would like to know more about this class action, or if you have any questions regarding this announcement or your rights or interests in relation to the current class action, please contact Charles Linehan, squire, from GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, toll free at 888-773-9224, by email at [email protected], or visit our website at www.glancylaw.com. If you are applying by email, please include your mailing address, phone number and number of shares purchased.

This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and ethical rules.

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