September 4, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Cnova NV (NASDAQ:CNV) shares over potential securities laws violations by Cnova NV and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cnova NV (NASDAQ:CNV) concerning whether a series of statements by Cnova NV regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On January 28, 2015 Cnova NV announced its financial results for the quarter and fiscal year ended December 31, 2014. Cnova NV announced that Net profit for fourth quarter in 2014 was 0.8 million, compared to 13.4 million for in the fourth quarter in 2013. Cnova NV reported that its annual Total Revenue rose from over 2.89 billion EUR in 2013 to over 3.47 billion EUR in 2014 while its respective Net Loss increased from 22.49 million EUR to 51.79 million EUR.

Shares of Cnova NV (NASDAQ:CNV) declined from $8.49 per share on January 13, 2015, to as low as $4.17 per share on August 26, 2015.