Investigation announced for Investors in shares of Dada Nexus Limited (NASDAQ: DADA) Long over potential Wrongdoing

An investigation was announced for long-term investors in shares of Dada Nexus Limited (NASDAQ: DADA) concerning potential breaches of fiduciary duties by certain directors and officers of Dada Nexus Limited.

Investors who are current long term investors in Dada Nexus Limited (NASDAQ: DADA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: DADA stocks follows a lawsuit filed against Dada Nexus Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: DADA stocks, concerns whether certain Dada Nexus Limited directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that, the defendants made materially false and/or misleading statements and/or failed to disclose that Dada Nexus Limited revenues from online advertising, marketing services, and operations and support costs were materially overstated, that as a result, Dada Nexus Limited would need to conduct an independent review to ascertain the financial impact and the scope of suspicious practices that led to overstated revenues and costs, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Dada Nexus Limited (NASDAQ: DADA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.