ALERT TO D-MARKET / HEPSIBURADA SHAREHOLDERS BY FORMER ATTORNEY GENERAL OF LOUISIANA: KAHN SWICK & FOTI, LLC REMINDERS WITH LOSSES EXCEEDING $ 100,000 from the lead plaintiff’s deadline in a category motion lawsuit towards D -MARKET Digital Providers & Buying and selling d / b / a Hepsiburada

NEW ORLEANS, 22 October 2021 / PRNewswire / – Kahn Swick & Foti, LLC (“KSF”) and associate of KSF, former lawyer normal of Louisiana, Charles C. Foti, Jr., remind buyers that they’ve till 20 December 2021 file principal plaintiff’s claims in a securities class motion lawsuit towards D-MARKET Digital Providers & Buying and selling (d / b / a “Hepsiburada”) (NasdaqGS: HEPS), if it bought the American Depositary Receipts (“ADR” ) of the Firm issued in reference to its July 2021 preliminary public providing of shares (the “IPO”). This motion is in progress in United States District Courtroom of the Southern District of new York.

(PRNewsfoto / Kahn Swick & Foti, LLC)

What you are able to do

When you’ve got bought D-MARKET shares as above and want to focus on your authorized rights and the way this matter may have an effect on you in addition to your proper to get better your financial loss, you may, with out obligation or expense for you, contact KSF Managing Companion Lewis Kahn toll free at 1-877-515-1850 or e mail ([email protected]), or go to https://www.ksfcounsel.com/instances/nasdaqgs-heps/ to be taught extra. When you want to act because the principal plaintiff on this class motion, you could deliver an software to the Courtroom by 20 December 2021.

In regards to the trial

D-MARKET and a few of its executives are accused of failing to reveal materials data in its registration assertion and IPO prospectus, in violation of federal securities legal guidelines.

At August 26, 2021, the corporate revealed that 2Q2021 income grew solely a disappointing 5.2% and that EBITDA was “adverse of TRY 188.6 million within the second quarter of 2021 in comparison with a optimistic of 71 , 1 million TRY within the second quarter of 2020 … attributable to decrease gross contribution primarily attributable to investments to strengthen our place in electronics, investments to enter excessive frequency classes in addition to elevated demand for patrons for low margin merchandise. “

Following this information, the Firm’s share worth fell $ 3.05, or 25%, to shut at $ 8.97 per share.

The case is Golden Horn Asset and Administration Ltd, v. D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a / ok / a D-MARKET Digital Providers & Buying and selling d / b / a / Hepsiburada, et al., N ° 1: 21-cv-08634.

About Kahn Swick & Foti, LLC

KSF, whose companions are former Louisiana Legal professional Basic Charles C. Foti, Jr., is likely one of the nation’s main securities litigation regulation corporations. KSF serves a wide range of shoppers – together with public institutional buyers, hedge funds, fund managers and retail buyers – in searching for recoveries for funding losses ensuing from company fraud or embezzlement dedicated by listed firms. KSF has workplaces at new York, California, Louisiana and New Jersey.

To be taught extra about KSF, you may go to www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis kahn, Administration associate
[email protected]
1-877-515-1850
1100, rue Poydras, suite 3200
New Orleans, LA 70163

Cision

Cision

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SOURCE Kahn Swick & Foti, LLC

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