Hepsiburada (HEPS) Finalizes of Class Actions and Changes to Management Team

Go back to Hepsiburada (HEPS) Finalizes of Class Actions and Changes to Management Team

Hepsiburada Announces Finalization of Class Actions and Changes to the Executive Management Team

October 24, 2023 4:15 PM EDT

ISTANBUL, Turkey, Oct. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a Hepsiburada) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as Hepsiburada or the Company), today announced the finalization of the class actions and changes to its executive management team.

Class Actions Finalized

As disclosed previously, the Company was a defendant in dual-track class action lawsuits, namely, (i) the action filed on September 28, 2021, with the lead plaintiff IWA-Forest Industry Pension Plan, before the United States District Court, Southern District of... More