Company Name D-MARKET Electronic Services & Trading d/b/a Hepsiburada
Stock Symbol HEPS
Motion Deadline December 20, 2021

 

The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Hepsiburada (NASDAQ: HEPS). The case is currently in the lead plaintiff stage. Investors who purchased Hepsiburada American Depositary Receipts (“ADRs”) pursuant or traceable to the registration statement and prospectus issued in connection with the Company’s July 2021 initial public offering may contact the Thornton Law Firm’s investor protection team by submitting their information above. Investors may also email investors@tenlaw.com or call 617-531-3917.

The case alleges that the Registration Statement was materially false and misleading and omitted that: (i) Hepsiburada suffered a sharp deceleration in operational and sales growth during second quarter 2021; (ii) as a result, Hepsiburada initiated certain actions to fortify its competitive position, including investing in electronics and high frequency categories and discounting certain categories; and (iii) as a result of the foregoing, Hepsiburada’s revenue and GMV had declined during second quarter 2021.

Interested HEPS investors have until December 20, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.

Thornton Law Firm’s securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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Thornton Law Firm was founded in 1978 by Michael Thornton and two other attorneys doing groundbreaking work for victims of mesothelioma and other asbestos-related diseases. Now a leading injury law firm in Massachusetts and one of the largest plaintiff law firms in New England, the firm has 19 attorneys representing thousands of clients in a wide variety of plaintiff-side work.

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