Kingboard Holdings Shares Surge After HK$11.77 Billion Block Trade to Expand PCB and AI Supply Chain Business 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
Frank Stronach Found Guilty of Sexual Assault and Indecent Assault in Ontario Court 
TD Bank Expands Employee Monitoring Software to Boost Productivity Amid Privacy Concerns 
GM and Lockheed Martin Partner to Strengthen U.S. Defense Manufacturing Capacity 
Qantas Unveils Wellness-Focused Nonstop Sydney-London Flights to Reduce Jet Lag 
Ukrainian Drone Makers Target Japan and Asia Defense Market 
Trump Says Anthropic No Longer Seen as National Security Threat 
BHP Shares Fall as Jansen Potash Project Costs Surge 
Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
Obayashi to Acquire Multiplex in $526M Expansion Deal 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
NEW YORK, Jan. 20, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Cnova N.V. (“Cnova”) (NASDAQ:CNV) pursuant to the Initial Public Offering on November 20, 2014.
You are hereby notified that a securities class action lawsuit has been commenced in the Supreme Court of the State of New York, County of New York. If you purchased or otherwise acquired Cnova securities pursuant to the IPO, your rights may be affected by this action. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that Cnova’s Registration Statement failed to disclose that the company’s operations were suffering a serious slowdown and that the company’s Brazil operations lacked sufficient controls.
On November 20, 2014, Cnova successfully raised approximately $188 million in its IPO. The Registration Statement stressed the company’s particular strength in Brazil, and emphasized the company’s increased market share and profitability in the Brazilian market. Then on January 29, 2015, Cnova revealed for the first time that its Brazilian operations were in the midst of a marked slowdown. Then on December 18, 2015, Cnova announced that the company's Board of Directors engaged legal advisors and external forensic accountants to perform a review of issues in connection with employee misconduct related to inventory management predominantly in Brazil.
If you suffered a loss in Cnova and would like to obtain additional information, contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cnova.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
