SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Cnova N.V. of Class Action Lawsuit -- CNV

NEW YORK, NY --(Marketwired - January 21, 2016) - 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 :

http://zlk.9nl.com/cnova

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com 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 jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ooma .

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

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Truecaller's Strategic Shift: Recovery and Growth in 2026

Updated Category News Views 61

Grappling with Numbers: Truecaller's Q3 2026 Results A glance at Truecaller's latest report tells us they're banking on a strategic recovery.AOver their recent interim report covering January to September 2026, they disclose a modest 1% decrease in net sales reaching SEK 464 million. Now, if you scoop away the currency fluctuations, net sales climb by a soft 3% from Q2....

Continue Reading
SKF Vertevo Steps Up Game with Revamped Branding

Updated Category News Views 11

Spin Cycle: SKF Vertevo's Bold New Chapter Well, they've flipped the switch. SKF Vertevo is stepping out with a brand-spanking-new logo and digital vibe, marking a hefty shift as they strut their stuff post-dismantling from SKF's automotive domain. Now, don't just gloss over this like it's another corporate rebranding snore-fest; this change comes with serious strategic...

Continue Reading
EAF Relief Fund Launches After Learjet Disaster

Updated Category News Views 34

Mobilizing Aid: A Community in Crisis Not every day you wake up to a story that digs into your gut like this one. The folks at the Green Acres Mobile Home Community in Palm Beach County got dealt a raw deal. A Learjet crash shook their world apart on November 1st, leaving nine lives lost on that flight and sending hundreds of residents scrambling from their homes. It's a...

Continue Reading
Extreme Weather Survivors Rally for Change with 'Stolen Summers'

Updated Category News Views 90

Lighting a Fire Under Complacency Elections often bring out the big dogs, but rarely do you see a grassroots campaign like Extreme Weather Survivors’ 'Stolen Summers' making such ripples. Rallying from New York to North Carolina and everywhere in between, this campaign has been a clarion call for communities ravaged by Mother Nature's fury. And let's face it, the...

Continue Reading
Mind Meets Soul: Neuroscience and Spiritual Pathways

Updated Category News Views 22

The Brain, Stress, and Spiritual Practices Ever tried to meditate and wondered if it actually does a number on your mind? Well, here comes Dr. Helen Lavretsky, who’s delving into the nitty-gritty of what happens up there when stress hits and spirituality steps in. This session on November 10 is bound to be a humdinger in the realm of science-meets-spirit. If you've ever...

Continue Reading
IGT and MGM Springfield Unveil Jackpot Games in MA

Updated Category News Views 24

Milestone Event in Massachusetts Gaming Scene When IGT and MGM Springfield team up to unveil the first wide-area progressive slots games in Massachusetts, it’s more than just a new game on the floor—it's a seismic shift in the region's gambling landscape. We've got twenty new shiny wheels turning over at the MGM Springfield, with jackpots starting at a hefty $1.125...

Continue Reading
Farmer Sentiment Rises, Hints of Cautious Optimism

Updated Category News Views 38

Sifting Through October's Optimism: Farmers' Sentiments October saw a glimmer of hope in the agricultural sector as the Purdue University/CME Group Ag Economy Barometer inched upward from 123 to 126. Sure, it's not a fireworks display, but it's a far cry from doom and gloom. This slim gain in sentiment comes on the coattails of some government help through Agriculture...

Continue Reading
Drone Tech Transforms Polish Mountain Rescues

Updated Category News Views 70

Innovation Meets Mountains You think search and rescue is all dog teams and heroic treks? Think again. Poland's mountain rescue team, known as TOPR, is flipping the script. Nestled in the rugged Tatra Mountains, they're leading a drone tech revolution that's shifting the game entirely. Drones: From Base to Peak in Minutes TOPR's team isn't just experimenting; they've...

Continue Reading
Jeep Wrangler Scrambler SRT: A Bold Off-Road Rebirth

Updated Category News Views 38

A New Legend in the Making Who would've thought we'd see the day when an SRT badge graced a Jeep Wrangler with such audacity? This ain't your typical Wrangler—they’ve slapped a bit of that CJ-8 throwback swagger, and given it the full-on SRT treatment. It's a mad machine, barreling into the future with one foot firmly planted in its legendary past. You ask any...

Continue Reading
Vensure Launches Nationwide Background Casting Service

Updated Category News Views 46

Vensure Dives into the World of Background Casting You ever consider just how chaotic a film or TV set can get? One minute things are all glitz and glam, and the next, it's pure mayhem as everything descends into a frenzied dance of coordination chaos. That's the circus of background casting for ya. Vensure's latest venture, Vensure Casting, throws its hat in the ring,...

Continue Reading

Top 5 Most Recently Viewed Articles

Sonoma Pharmaceuticals Achieves Nasdaq Compliance Milestone

Updated Category News Views 72

Sonoma Pharmaceuticals Regains Nasdaq Compliance Sonoma Pharmaceuticals, Inc. (NASDAQ:SNOA) is a healthcare company known for its Microcyn technology-based products. Recently, it made significant news by successfully regaining compliance with Nasdaq's minimum bid price requirement. This achievement comes after a challenging period when the company was at risk of delisting...

Continue Reading
Packback Promotes Thoughtful AI Integration in Education

Updated Category News Views 301

Packback Launches Advisory Board for Responsible AI Use in Education Packback will convene college presidents, provosts, and school district leaders to surface best practices, risks, and opportunities for AI in the classroom In recent years, the discussion surrounding artificial intelligence in education has grown substantially. Recognizing the need for guidance in this...

Continue Reading
Stand Up Paddleboard Market Set for Remarkable Growth Ahead

Updated Category News Views 325

Surge in the Stand Up Paddleboard Market The global stand up paddleboard market is experiencing remarkable growth, with its value projected to increase from $1.72 billion to an impressive $3.37 billion in the near future. This growth translates to a notable Compound Annual Growth Rate (CAGR) of around 10.1% from 2024 to 2031. The expansion of this market is primarily...

Continue Reading
Underwater Concrete Foam Set for USD 2.18B by 2033

Updated Category News Views 13

Marine Projects Fuel Underwater Concrete Foam Surge You know, back in the day, if you needed concrete underwater, you had to deal with all kinds of headaches—buoyancy, segregation, you name it. But those days might be numbered! The underwater concrete foam market is not just floating along; it’s about to make a big splash, surging to USD 2.18 billion by 2033. Asia...

Continue Reading
The Future of Quantum Computing: Transforming Industries by 2035

Updated Category News Views 351

Transforming Industries with Quantum Computing Quantum computing is on the verge of a significant breakthrough that could reshape various sectors, making it a vital area for investment and innovation. Companies like Scope Technologies Corp. (CSE: SCPE) are at the forefront of this transformation, aiming to enhance data security and efficiency across the globe. The Growth...

Continue Reading