NEW YORK, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Dada Nexus Ltd. ADR (“Dada” or the “Company”) (NASDAQ: DADA) on behalf of Dada stockholders. Our investigation concerns whether Dada has violated the federal securities laws and/or engaged in other unlawful business practices.
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On January 8, 2024, Seeking Alpha reported that Dada said it identified some suspicious practices in a routine audit and that its revenue guidance should no longer be relied on. "In the course of its routine internal audit, certain suspicious practices were identified that may cast doubt on certain revenues from the Company’s online advertising and marketing services in 2023."
The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.
If you purchased or otherwise acquired Dada shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
