Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Baozun Inc. who purchased shares between March 6, 2019 and November 20, 2019.
Baozun and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 21, 2019, the Company disclosed 3Q2019 financial results that were below market expectations including revenue and earnings, as well as disappointing 4Q2019 financial guidance, due in part to the negative “impact from terminating our service agreement with one electronics brand.”
On this news, the price of Baozun’s shares plummeted.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until February 10, 2020 to request that the court appoint them lead plaintiff.