Thieler Law Corp advises investors with losses exceeding $100,000 of the March 21, 2016 lead plaintiff deadline in a class action lawsuit filed against Cnova N.V. (NASDAQ: CNV) (“Cnova” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Cnova securities between November 19, 2014 and December 18, 2015, have until March 21, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Cnova securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com. No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Cnova N.V. overstated net sales; Cnova N.V. failed to properly write-off the value of certain returned items; Cnova N.V. misstated accounts receivable connected to the damaged/returned items; Cnova N.V. overstated EBIT;  Cnova N.V. lacked adequate internal controls and issued misleading financial statements.

On December 18, 2015, Cnova N.V. revealed that the company's Board of Directors engaged legal advisors and external forensic accountants to perform a review of issues in connection with employee misconduct related to inventory management primarily in Brazil.

On this news, NASDAQ: CNV shares declined causing investors harm.

If you were negatively impacted by your investment in Cnova securities between November 19, 2014 and December 18, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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