Tech Company Hit With Shareholder Suit Over Alleged Misrepresentations

(May 31, 2019, 2:40 PM EDT) -- NEW YORK — A technology company and certain of its senior executives issued several misrepresentations in violation of federal securities laws in a registration statement it filed with the Securities and Exchange Commission in connection with its initial public offering (IPO) regarding its business and financial condition, a shareholder argues in a May 28 securities class action complaint filed in New York federal court (Luo Zhi v. Jumia Technologies AG, et al., No. 19-4952, S.D. N.Y.)....

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