Bronstein, Goertz & Grossman LLC

Bronstein, Goertz & Grossman LLC

NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) — Lawyer Announcement – Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Dada Nexus Limited (“Dada” or the “Company”). (NASDAQ: DADA) and certain of its officers.

Category definition:

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or acquired Dada securities between March 11, 2023 and January 8, 2024, inclusive (the “Class Period”). These investors are encouraged to join this case by visiting the company’s website: bgandg.com/DADA.

Case details:

According to the Complaint, Defendants made materially false and/or misleading statements throughout the Class Period and/or failed to disclose that: (1) Dada’s revenues from online advertising, marketing services, and operations and support costs were materially overstated; (2) As a result, the Dadaists needed to conduct an independent audit to ascertain the financial impact and scope of questionable practices that led to the overstatement of revenues and costs; and (3) as a result, Defendants’ statements about Dada’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

What then?

A class action lawsuit has already been filed. If you would like to review a copy of the complaint, you can visit the company’s website: bgandg.com/DADA Or you may contact Peretz Bronstein, Esq. Or our law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffer a loss in DADA, you have until March 11, 2024, to ask the court to appoint you as lead plaintiff. Your ability to participate in any recovery does not require that you serve as lead plaintiff.

There is no cost to you

We represent investors in class actions on a contingency fee basis. This means that we will ask the court to reimburse us for out-of-pocket expenses and attorney fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Goertz and Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud and shareholder derivative litigation. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Lawyer advertisement. Previous results do not guarantee similar results.

communication:

Bronstein, Goertz & Grossman, LLC

Peretz Bronstein or Yael Nathanson

332-239-2660 | info@bgandg.com

    (Tags for translation)Bronstein

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