Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Securities Class Action

Securities fraud litigation history and active cases

In Litigation

0

Settlement

1

Closed

0

Total Settlement

$13.9M

D-MARKET Electronic Services & Trading (HEPS) Class Action Lawsuit (October 2021)

Settlement

1:21cv8634 • October 21, 2021

Class Period Start

July 1, 2021

Class Period End

February 18, 2022

PSLRA Deadline

December 20, 2021

Case Allegations

10b5 + Sec11

10b-5 Statutes of Repose

Jul 1, 2024

Sec11 Statutes of Repose

Jul 1, 2024

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

September 27, 2023

Settlement Fund

$13,900,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or otherwise acquired D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a/k/a D-MARKET Electronic Services & Trading d/b/a Hepsiburada ADSs pursuant and/or traceable to Hepsiburada’s July 1, 2021 Initial Public Offering through November 23, 2021, inclusive.

Claim Administrator

Gilardi & Co. LLC
Hepsiburada Securities Litigation Claims Administrator c/o Gilardi & Co. LLC P.O. Box 6181 Novato, CA 94948-6181
+1 888-846-0152
[email protected]

Hearing Date

August 1, 2023

Opt-out Deadline

July 10, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Aug 1, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Apr 20, 2023

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Apr 20, 2023

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Mar 22, 2023

Proposed Settlement

Apr 15, 2022

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

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