BOSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Dada Nexus Ltd. ADR (NASDAQ: DADA) for potential securities law violations. Investors who have lost money in their Dada Nexus Ltd. ADR investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/dada.
What is this all about?
Before the market opened on January 8, 2024, Dada Nexus disclosed having identified suspicious practices in a routine audit, and that as a result the Company’s revenue guidance should no longer be relied on. Dada Nexus estimates that revenues from online advertising and marketing services, and operations and support costs may have been overstated for the first three quarters of 2023.
Shares of Dada Nexus Ltd. ADR are down over 35% in intraday trading on January 8, 2024.
Who is eligible?
Anyone who purchased Dada Nexus Ltd. ADR common stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
