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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Baozun Inc. (NASDAQ: BZUN) from March 6, 2019 through November 20, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Baozun Inc. investors under the federal securities laws.
If you bought Baozun Inc. securities between March 6, 2019 through November 20, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Baozun Inc. – BZUN
New York, N.Y., December 13, 2019. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Baozun Inc. (NASDAQ: BZUN) between March 6, 2019 and November 20, 2019, inclusive (the “Class Period”).
To join the BZUN class action, go to http://zhanginvestorlaw.com/cases/baozun-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU NEED NOT BE A LEAD PLAINTIFF TO SECURE A RECOVERY.
According to the lawsuit, throughout the Class Period (1) Huawei Technologies Co., Ltd. (“Huawei”), a Chinese-based multi-national technology company, was one of the Company’s largest brand partners, and paid more add-on fees for the work Baozun did for it, increasing the revenues Baozun received for Huawei work compared to the Company’s other brand partners; (2) as a result, Baozun reported outsized revenue growth during the first half of 2019, which would be abruptly cut off during the second half 2019, after Baozun restructured its relationship with Huawei, as Huawei took much of its online merchandizing in-house; and (3) as a result, Baozun’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 10, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/baozun-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.