Holzer & Holzer LLC announces that a class action lawsuit has been filed on behalf of investors who purchased Baozun Inc. (“Baozun” or the “Company”) (NASDAQ: BZUN) securities between March 6, 2019 and November 20, 2019.
The lawsuit alleges that Baozun failed to adequately disclose that 1) the Company was paid increased add-on fees by Huawei compared to the Company’s other brand partners, and 2) consequently, the Company reported revenue growth during the first half of 2019 which would be abruptly cut off after Baozun restructured its relationship with Huawei and Huawei decided to take a considerable portion of its online merchandizing in-house. The price of Baozun securities fell following the announcement.
If you purchased shares of Baozun securities between March 6, 2019 and November 20, 2019 and suffered a loss on that investment, you are encouraged to contact Marshall P. Dees, Esq. at mdees@holzerlaw.com or Luke R. Kennedy at lkennedy@holzerlaw.com, or by toll-free telephone at (888) 508-6832 to discuss your legal rights.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191211005724/en/
Contacts:
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
