SOURCE: Scott + Scott, LLP

Scott + Scott, LLP

March 17, 2016 14:57 ET

Deadline Alert: Scott + Scott, LLP Notifies Investors That Monday, March 21, 2016 is the Last Day to File Lead Plaintiff Papers in the Cnova N.V. (CNV) Securities Case

NEW YORK, NY--(Marketwired - Mar 17, 2016) -  Scott + Scott, Attorneys at Law, LLP, a global investor rights law firm, reminds investors that Monday, March 21, 2016 is the deadline for filing lead plaintiff papers in the securities lawsuit against Cnova N.V. (NASDAQ: CNV). Cnova investors are encouraged to contact Scott + Scott at (866) 326-5057 or email gjohnson@scott-scott.com to discuss their legal rights. 

About the Lawsuit
The securities complaint alleges that Cnova and certain executives issued materially false and misleading statements to investors and/or failed to disclose that: (1) Cnova overstated net sales; (2) Cnova failed to properly write-off the value of certain returned items; (3) there was a material discrepancy in accounts receivable related to the damaged/returned items; (4) Cnova's EBIT was overstated; (5) Cnova lacked adequate internal controls; and (6) as a result, defendants' statements about Cnova' business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times. When the true information entered the market, the lawsuit claims that investors suffered damages.

What you can do
If you purchased shares of Cnova stock, you may have legal claims against the Company. If you wish to discuss the investigation, or have questions about your legal rights, please contact Geoffrey M. Johnson, Esq. or Joseph Halloran, Esq. by telephone at (866) 326-5057 or by email at gjohnson@scott-scott.com or jhalloran@scott-scott.com

About Scott + Scott, Attorneys at Law, LLP
Scott + Scott has significant experience prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm has offices in New York, London, Connecticut, California and Ohio. Please visit www.scott-scott.com for more information about the firm.

Contact Information

  • CONTACT:
    Scott + Scott, Attorneys at Law, LLP
    Geoffrey M. Johnson, Esq.
    Joseph Halloran, Esq.
    (216) 229-6088
    toll-free (866) 326-5057