LOS ANGELES, Dec. 04, 2018 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Netshoes (Cayman) Limited (“Netshoes” or “the Company”) (NYSE: NETS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Specifically, the investigation will focus on Netshoes’ filings with the SEC in conjunction with its April 12, 2017, IPO to determine if the filings include materially misleading information, untrue statements, and other relevant falsehoods. Since the IPO, shares of Netshoes have dropped 87% in open market trading.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.