INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit Against Cnova N.V. and Encourages Investors With Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES--(BUSINESS WIRE)-- Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Cnova N.V. (“Cnova” or the “Company”) (Nasdaq: CNV). Investors who purchased or otherwise acquired shares between November 19, 2014 and December 18, 2015, (the “Class Period”), are encouraged to contact the firm in advance of the March 21, 2016, lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at [email protected].

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the complaint, the Company made false and/or misleading statements 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; and (5) Cnova lacked adequate internal controls.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160209006896/en/

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
[email protected]

Source: Goldberg Law PC

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