San Diego, CA -- (SBWIRE) -- 11/29/2017 -- An investigation was announced on behalf of investors of Netshoes (CAYMAN) Ltd (NYSE:NETS) shares over potential securities laws violations by Netshoes (CAYMAN) Ltd in connection with certain financial statements.

Investors who purchased shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether certain statements by Netshoes (CAYMAN) Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Sao Paulo, Brazil based Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. Netshoes (CAYMAN) Ltd went public in April 2017 and shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) rose to $26..73 per share on May 24, 2017.

On November 13, 2017, Netshoes reported its third quarter 2017 financial results and announced that the Company was substantially reducing its B2B business operations due to adverse results. Shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) declined to $5.70 per share on November 15, 2017.

Those who purchased shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) 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