An investigation on behalf of investors of Netshoes (CAYMAN) Ltd (NYSE:NETS) shares over potential securities laws violations by Netshoes (CAYMAN) Ltd and certain of its directors and officers in connection with certain financial statements was announced.

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

Sao Paulo, Brazil based Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. Netshoes (CAYMAN) Ltd went public in April 2017 and shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) rose to $26..73 per share on May 24, 2017.

On November 13, 2017, Netshoes reported its third quarter 2017 financial results and announced that the Company was substantially reducing its B2B business operations due to adverse results.

Shares of Netshoes (CAYMAN) Ltd (NYSE:NETS) declined to $5.70 per share on November 15, 2017.