Case Page

 

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

Filing Date: December 11, 2014

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.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Specialty)
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: JMEI
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 14-CV-09826
JUDGE: Hon. William H. Pauley, III
DATE FILED: 12/11/2014
CLASS PERIOD START: 05/16/2014
CLASS PERIOD END: 11/20/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Johnson & Weaver, LLP
    110 West “A” Street, Suite 750, Johnson & Weaver, LLP, CA 92101
    619.230.0063 619.230.0063 · contactus@johnsonandweaver.com
  2. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 14-CV-09826
JUDGE: Hon. William H. Pauley, III
DATE FILED: 10/16/2015
CLASS PERIOD START: 05/16/2014
CLASS PERIOD END: 11/19/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date
No Document Title Filing Date