The Gross Law Firm Announces Class Actions on Behalf of Shareholders of CRCM, MWA and JMIA
NEW YORK, NY / ACCESSWIRE / May 21, 2019 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
Care.com, Inc. (CRCM)
Investors Affected : March 27, 2015 - April 1, 2019
A class action has commenced on behalf of certain shareholders in Carecom, Inc. The complaint alleges that Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts, with respect to the manner in which the Company vets the caregivers and daycare providers listed on its website.
Shareholders may find more information at https://securitiesclasslaw.com/securities/care-com-inc/?id=1603&from=1.
Mueller Water Products, Inc. (MWA)
Investors Affected : May 9, 2016 - August 6, 2018
A class action has commenced on behalf of certain shareholders in Mueller Water Products, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate testing for product quality; (2) certain products with radio components were susceptible to fail prematurely; (3) as a result, the Company was reasonably likely to incur increased expenses, including warranty costs; (4) these costs would materially impact the Company's financial statements; (5) the Company lacked adequate internal controls over warranty costs and estimates; and (6) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders may find more information at https://securitiesclasslaw.com/securities/mueller-water-products-inc/?id=1603&from=1.
Jumia Technologies AG (JMIA)
Investors Affected : Purchasers of American Depositary Shares between April 12, 2019 and May 9, 2019
A class action has commenced on behalf of certain shareholders in Jumia Technologies AG. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (a) Jumia had materially overstated its active customers and active merchants; (b) Jumia's representations about its orders, order cancellations, undelivered orders and returned orders lacked a sufficient factual basis and materially overstated the Company's sales; (c) Jumia failed to sufficiently disclose related party transactions; and (d) Jumia's financial statements were presented in violation of applicable accounting standards.
Shareholders may find more information at https://securitiesclasslaw.com/securities/jumia-technologies-ag/?id=1603&from=1.
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (212) 537-9430
Fax: (833) 862-7770
SOURCE: The Gross Law Firm
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View source version on accesswire.com:
https://www.accesswire.com/546080/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-CRCM-MWA-and-JMIA
