San Diego, CA -- (SBWIRE) -- 01/05/2015 -- An investor, who purchased shares of Jumei International Holding Ltd(ADR) (NYSE:JMEI), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Jumei International Holding Ltd in connection with certain allegedly false and misleading statements made between May 16, 2014, the date of Jumei International Holding's initial public offering ("IPO"), and November 19, 2014.

Investors who purchased a significant amount of shares of Jumei International Holding Ltd(ADR) (NYSE:JMEI)) between May 16, 2014 and November 19, 2014, have certain options and for certain investors are short and strict deadlines running. Deadline: February 10, 2015. Jumei International Holding Ltd(ADR) (NYSE:JMEI) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Jumei International Holding Ltd(ADR) (NYSE:JMEI)) common shares between May 16, 2014 and November 19, 2014 , that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that Jumei International Holding Ltd , certain of its officers and directors and the underwriters of its IPO with violations of the Securities Act of 1933

Jumei International Holding Ltd is an online retailer of beauty products that has sold over 30,000 stock keeping units of beauty products. On or about January 30, 2014, Jumei International Holding Ltd filed Registration Statements with the SEC which, following several amendments in response to comments by the SEC, would later be utilized for the IPO.

Jumei International Holding Ltd(ADR) reported that its annual Total Revenue rose from $21.79 million in 2011 to $483 million in 2013 and that its Net Loss of $4.03 million in 2011 turned into a Net Income of $25 million in 2013. For the first quarter 2014 Jumei International Holding Ltd reported first quarter Revenue of $154.86 million with a first quarter Net Income of $16.55 million.

Jumei International Holding Ltd went public on May 16, 2014. Shares of Jumei International Holding Ltd grew to as high as $37.99 per share on August 15, 2014.

On August 18, 2014, Jumei International Holding Ltd reported its second quarter 2014 financial results. Jumei International Holding Ltd announced that its second quarter Revenue rose from $108.77 million in 2013 to $154.36 million in 2014 and that its second quarter Net Income increased from $15.81 million in 2013 to $19.18 million in 2014.

Then on November 19, 2014, Jumei International Holding Ltd reported its unaudited third quarter 2014 financial results. Jumei International Holding Ltd announced that its third quarter Revenue rose from $123.25 million in 2013 to $157.75 million in 2014 and that its third quarter Net Income increased from $16.35 million in 2013 to $19.49 million in 2014.

The plaintiff alleges that under the rules and regulations governing the preparation of the Registration Statement, Jumei was required to disclose at the time of the IPO that it had been relying upon dubious suppliers for its third-party "Marketplace" offerings, which it needed to cease doing business with, and that ceasing to do business with those suppliers would raise its product costs and would, at least temporarily, diminish its sales by decreasing the variety of products the Company had to offer and that the Registration Statement contained no such.

The plaintiff claims that following Jumei International Holding's issuance of a July 2014 "Business Update" outlining a series of steps Jumei International Holding would need to take to ensure the legitimacy of the product being sold on its website going forward and Jumei International Holding's reporting of its actual third quarter 2014 financial results, which were negatively impacted by the business model changes described in the Business Update, and other related disclosures, the price of Jumei International Holding ADSs declined. On December 11, 2014, shares of Jumei International Holding Ltd(ADR) (NYSE:JMEI) declined to as low as $12.87 per share.

On December 31, 2014, NYSE:JMEI shares closed at $13.62 per share.

Those who purchased shares of Jumei International Holding Ltd(ADR) (NYSE:JMEI)) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com