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Kessler Topaz Meltzer & Check, LLP: Investor Class Action Filed Against D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a/k/a D-MARKET Electronic Services & Trading d/b/a Hepsiburada for Securities Fraud Violations

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Case Background

This is a federal securities class action on behalf of those who purchased or otherwise acquired Hepsiburada ADSs between July 1, 2021 through November 23, 2021, both dates inclusive (the “Class Period”) pursuant and/or traceable to Hepsiburada’s IPO. 

The complaint alleges that the Registration Statement was materially false and misleading and omitted to state: (1) that Hepsiburada suffered a sharp deceleration in operational and sales growth during second quarter 2021; (2) that, as a result, the Company initiated certain actions to fortify its competitive position, including investing in electronics and high frequency categories and discounting certain categories; (3) that, as a result of the foregoing, Hepsiburada’s revenue and GMV had declined during second quarter 2021; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Current Status of Case:

On April 20, 2023, the Court issued an Order granting Preliminary Approval of Class Action Settlement. On August 1, 2023, a Final Settlement Hearing occurred and the Court issued an Order granting the Class Action Settlement and entered Final Judgment. This action has concluded.  

The deadline to file a claim is September 27, 2023.  You may find additional information regarding the terms of the settlement and claim filing process at http://www.hepsiburadasecuritieslitigation.com/ or by calling Gilardi & Co. LLC at 1-888-846-0152. 

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP:  Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.  If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form relating to your transactions for D-MARKET Elecktronik Hizmetler ve Ticaret Anoinim Sirketi a/k/a D-Market Electronic Services and Trading d/b/a/ Hepsiburada (NASDAQ: HEPS) pursuant and/or traceable to the July 2021 initial public offering IPO through October 21, 2021 (the “Class Period”).

You may also contact Jon Naji, Esq. (484) 270-1453; or toll free at (844) 887-9500; or you may submit your information via email at info@ktmc.com; or you may click here to print a PDF of this form.

SUBMIT YOUR INFORMATION
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Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a/k/a D-MARKET Electronic Services & Trading d/b/a Hepsiburada prior to the Class Period?
Are you a current or former employee of D-MARKET Elektronik Hizmetler ve Ticaret Anonim Şirketi a/k/a D-MARKET Electronic Services & Trading d/b/a Hepsiburada?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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