1:19cv4397 • May 14, 2019
Class Period Start
April 12, 2019
Class Period End
March 8, 2020
PSLRA Deadline
July 15, 2019
Case Allegations
10b5 + Sec11
10b-5 Statutes of Repose
Apr 12, 2022
Sec11 Statutes of Repose
Apr 12, 2022
Country
United States
Court
Federal Court
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
February 19, 2021
Settlement Fund
$5,000,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired Jumia ADSs pursuant and/or traceable to the Registration Statement issued in connection with the initial public offering of Jumia ADSs (“IPO”) during the period from April 12, 2019, through and including December 9, 2019
Claim Administrator
Strategic Claims Services
Jumia Technologies AG Securities Litigation c/o Strategic Claims Services 600 N. Jackson St., Ste. 205 P.O. Box 230 Media, PA 19063
+1 866-274-4004
[email protected]
Settlement Website
https://www.strategicclaims.net/jumia/Hearing Date
March 17, 2021
Opt-out Deadline
February 24, 2021
Settlement Note
Download hereProof Of Claim
Download here
Feb 23, 2023
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Mar 24, 2021
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.
Oct 19, 2020
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.
Oct 19, 2020
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.
Oct 19, 2020
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.
Aug 18, 2020
Jun 1, 2020
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.
Mar 13, 2020
A new complaint has been filed on behalf of certain investors in Jumia Technologies AG. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Mar 13, 2020
Dec 30, 2019
A new complaint has been filed on behalf of certain investors in Jumia Technologies AG. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Oct 28, 2019
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Jun 19, 2019
May 28, 2019
May 16, 2019
May 14, 2019
A securities fraud class action complaint has been filed on behalf of certain investors in Jumia Technologies AG.
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