SAN FRANCISCO, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Dada Nexus Limited (NASDAQ:DADA) investors who suffered substantial losses to submit your losses now.
Class Period: May 11, 2023 – Jan. 8, 2024
Lead Plaintiff Deadline: Mar. 11, 2024
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Dada Nexus Limited (DADA) Securities Fraud Class Action:
The complaint alleges Dada Nexus misrepresented and concealed that: (1) its revenues from online advertising, marketing services, and operations and support costs were materially overstated; and (2) as a result, it would need to conduct an independent review to ascertain the financial impact and the scope of suspicious practices that overstated revenues and costs.
The truth began to emerge on Dec. 19, 2023, when Dada Nexus announced its Chairman of the Board Lijun Xin and CFO Beck Zhaoming Chen would be resigning immediately. The company claimed both Xin's and Chen's departures were ...