NEW YORK, NY / ACCESSWIRE / June 18, 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.

Lyft, Inc. (NASDAQGS: LYFT)

Investors Affected : pursuant or traceable to the Company’s Offering and Registration Statement issued in relation to the March 28, 2019 IPO

A class action has commenced on behalf of certain shareholders in Lyft, Inc. According to the lawsuit, Lyft’s Offering materials issued in connection with its IPO failed to disclose that: (1) Lyft’s claimed ridesharing position was overstated; (2) more than 1,000 of the bicycles in Lyft’s rideshare program suffered from safety issues that would lead to their recall; (3) Lyft’s drivers were becoming disincentivized from driving for Lyft; (4) Lyft failed to warn investors that a labor disruption could affect its operations; and (5) as a result, Lyft’s public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/lyft-inc-loss-submission-form/?id=1989&from=1

Jumia Technologies AG (NYSE: 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=1989&from=1

CBL & Associates Properties, Inc (NYSE: CBL)

Investors Affected : November 8, 2017 – March 26, 2019

A class action has commenced on behalf of certain shareholders in CBL & Associates Properties, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: the Company was the target of a class action suit that could result in tens of millions or even hundreds of millions of dollars in liability. The Complaint further alleges that Defendants completely ignored their disclosure obligation, motivated by a desire to avoid bad publicity surrounding their dishonest nature and their dishonest conduct. When the truth was revealed, CBL shares materially declined in price, injuring the class.

Shareholders may find more information at https://securitiesclasslaw.com/securities/cbl-associates-properties-inc-loss-submission-form/?id=1989&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: [email protected]
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE: The Gross Law Firm

View source version on accesswire.com:
https://www.accesswire.com/549147/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-LYFT-JMIA-and-CBL