Hepsiburada Announces Finalization of Class Actions and Changes to the Executive Management Team
ISTANBUL, Turkey, Oct. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announced the finalization of the class actions and changes to its executive management team.
- ISTANBUL, Turkey, Oct. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announced the finalization of the class actions and changes to its executive management team.
- 655701/2021 (“State Action”).
- The Federal Action was finally concluded on August 1, 2023 with the order and final judgment of the Federal Court approving the settlement.
- As a result, both the Federal Action and the State Action have been finally resolved without admission of any wrongdoing.