SAN FRANCISCO, Feb. 05, 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
Visit: www.hbsslaw.com/investor-fraud/dada
Contact An Attorney Now: DADA@hbsslaw.com
844-916-0895
Dada Nexus Limited (DADA) Securities Fraud Class Action:
In a Jan. 9, 2024 report to clients, analysts at JP Morgan commented on Dada's outlook after its recent admission of improper accounting.
JP Morgan stated, "While the initial media reports suggest the incident was likely due to fraud on the part of individuals instead of a systematic financial fraud across the company or even at its parent JD.com, we believe the case still points to a failure in corporate governance and investors are likely to stay on the sidelines pending an announcement of detailed findings/explanation from an independent review that the company indicated will be conducted."
The negative analyst sentiment also comes on the heels of a securities fraud class ...