NEW YORK--(BUSINESS WIRE)--Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, announces the commencement of an investigation into Cnova N.V. (NASDAQ:CNV) (“Cnova”) related to potential violations of federal securities laws. If you are a Cnova shareholder, you are encouraged to contact Scott+Scott for additional information.
Cnova (NASDAQ:CNV) is one of the largest global eCommerce companies, with operations in Europe, Latin America, Asia and Africa. Cnova’s products include home appliances, consumer electronics, computers and home furnishings.
On January 28, 2015, Cnova announced its financial results for the fourth quarter and fiscal year ended December 31, 2014. Cnova announced that net profit for 4Q was down year-over-year and that Net loss for the year was nearly double the previous year. Net profit for 4Q14 was € 0.8 million, compared to € 13.4 million for 4Q13. Net loss for the full year 2014 was € -54.4 million, compared to € -23 million for 2013.
Within 2 days, shares of Cnova had fallen from $7.37 to $5.50 a share, a drop of over 25%.
What You Can Do
If you are a Cnova shareholder and you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joseph Halloran at (800) 404-7770 or (646) 582-0121 or at or firstname.lastname@example.org.
About Scott+Scott, Attorneys at Law, LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.