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Case Status:    DISMISSED    
On or around 01/11/2017 (Date of order of final judgment)

Filing Date: December 11, 2014

Jumei International Holding Limited ("Jumei" or the Company) is an offshore holding company and online retailer of beauty products, mainly in China.

According to the law firm press release, the lawsuit alleges that the Defendants made false and misleading statements and/or failed to disclose that: (1) the Company was changing its revenue model by transition away from marketplace services to merchandise sales; (2) this transition posed a significant risk to the Company’s financial performance; and (3) the Company was not expanding its marketplace services as claimed. As a result, the lawsuit claims that when these adverse facts became known, the value of Jumei’s securities dropped, damaging investors.

On January 10, 2017, the Court issued an Order granting Defendant's motion to dismiss, and ordered this case to be closed.

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