SAN DIEGO–(BUSINESS WIRE)–Shareholder rights law firm Johnson & Weaver, LLP reminds investors that
they have until March 21, 2016 to file a motion seeking to be appointed
lead plaintiff against Cnova N.V. (NASDAQ:CNV).

If you purchased Cnova between November 19, 2014 and December 18,
2015 (the “Class Period”) we encourage you to contact Johnson & Weaver
regarding your rights and options.

Additional Information about the Lawsuit:

Cnova operates as an eCommerce company in Europe, Latin America, Asia,
and Africa.

The Complaint alleges that during the Class Period, Cnova made false and
misleading statements and failed to disclose significant information to
shareholders. Specifically, the lawsuit alleges the Company: (1)
overstated net sales; (2) failed to properly write-down the value of
certain returned items; (3) overstated accounts receivable related to
the damaged/returned items; (4) overstated EBIT; (5) lacked satisfactory
internal controls; and (6) consequently issued false and misleading
financial statements.

On January 22, 2016 it was reported that Cnova’s head of Brazilian
operations and co-chief executive, had resigned after an investigation
of inventory mismanagement in Brazil.

Cnova stock has traded as high as $8.60, since its initial public stock
offering (the “IPO”) in November 2014. However, since the IPO, Cnova’s
stock has imploded, closing at $2.27 on January 22, 2016.

Plaintiff seeks to recover damages on behalf of all purchasers of Cnova
securities during the Class Period. If you wish to serve as a lead
plaintiff, you must move the Court no later than March 21, 2016. Any
member of the putative class may move the Court to serve as lead
plaintiff through counsel of their choice, or may choose to do nothing
and remain an absent class member. If you wish to discuss this
action, have any questions concerning this notice, or your rights or
interests, please contact lead analyst Jim Baker ([email protected])
at 619-814-4471. If you email, please include your phone number.

Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com