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Jumei International Holding Limited : American Depositary Shares

Case Summary

Jumei International Holding Limited : American Depositary Shares Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 12/03/2020 (Date of last review)

Filing Date: April 21, 2020

According to the Complaint, Jumei retails beauty products, baby, children, and maternity products, light luxury products, and health supplements online.

On February 25, 2020, Jumei announced that it had entered into an agreement to be acquired by Super ROI Global Holding Limited ("Super ROI"), through Jumei Investment Holding Limited ("Purchaser"), through a tender offer and subsequent short-form merger for $2.00 per share, or $20.00 per American Depository Share ("ADS"). Super ROI and Purchaser commenced the tender offer on February 26, 2020, and Jumei's Board of Directors caused Jumei to file a Schedule 14D-9 Solicitation/Recommendation Statement with the U.S. Securities and Exchange Commission on the same day. The tender offer expired on April 8, 2020, and Super ROI and Purchaser completed the acquisition on April 14, 2020.

The Complaint alleges violations of Section 14(e) and 20(a) of the Exchange Act based on alleged material misrepresentations and omissions in the Schedule 14D-9.

On September 4, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on October 19.

Company & Securities Information

Defendant: Jumei International Holding Limited

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.

First Identified Complaint

Emal Haideri, et al. v. Jumei International Holding Limited, et al.

COURT: N.D. California
DOCKET #: 20-CV-02751
JUDGE: Hon. Edward M. Chen
DATE FILED: 04/21/2020
CLASS PERIOD START: 02/25/2020
CLASS PERIOD END: 04/14/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bragar Eagel & Squire PC (SF)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 04/21/2020
2 Order Granting Altimeo's Motion for Appointment as Lead Plaintiff and Selection of Lead Counsel, and Denying Huang Group's Motion for Appointment and Selection 09/04/2020
3 Order as Modified Appointing Lead Plaintiff and Approving Selection of Lead Counsel 09/08/2020
4 U.S. District Court Civil Docket 09/10/2020

Reference Complaint

Altimeo Asset Management, et al. v. Jumei International Holding Limited, et al.

COURT: N.D. California
DOCKET #: 20-CV-02751
JUDGE: Hon. Edward M. Chen
DATE FILED: 10/19/2020
CLASS PERIOD START: 02/26/2020
CLASS PERIOD END: 04/14/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint 10/19/2020
2 U.S. District Court Civil Docket 10/20/2020

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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