Robbins Arroyo LLP: Netshoes (Cayman) Limited (NETS) Misled Shareholders According to a Recently Filed Class Action
NETSHOES (CAYMAN) LTD (NETS)
Last netshoes (cayman) ltd earnings: 11/13 05:09 pm
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US:NYSE Investor Relations:
businesswire.com/news/home/20171110005553/en/netshoes-cayman-ltd.-announces-date-quarter-2017
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Source: Business Wire
SAN DIEGO & SAO PAULO--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Netshoes (Cayman) Limited (NYSE: NETS) common stock issued in connection with the company's April 12, 2017 initial public offering ("IPO") have filed a class action complaint against the company's officers and directors for alleged violations of the Securities Act of 1933. Netshoes, through its subsidiaries, operates as a sports and lifestyle online retailer in Brazil and internationally. View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/netshoes-cayman-ltd/ Netshoes Accused of Overinflating Its Competitive Edge According to the complaint, Netshoes, which raised over $148.5 million in proceeds in its IPO, represented in its registration statement that the company had significant market share in a large addressable market and high
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