Allegations

Casino’s Cnova Targeted by U.S. Class Action

PARIS A U.S. law firm has filed a class action lawsuit against Cnova, the e-commerce arm of French retailer Casino, alleging violations of securities laws in connection with its November 2014 initial public offering (IPO). The complaint filed by Glancy Prongay & Murray LLP on behalf of investors in a New York district court alleges Cnova failed to disclose its true situation in Brazil at the …