San Diego, California – Newsfile Corp. – January 9, 2024 – Johnson Fistel, LLP is investigating Dada Nexus (NASDAQ: DADA) (“Dada” or the “Company”) for potential securities law violations. Shareholders who have incurred losses on their investment in the company are encouraged to contact the firm to learn about potentially recovering their losses. For more details on the investigation, visit https://www.johnsonfistel.com/investigations/dada-nexus.
What is Johnson Fistel investigating? On January 8, 2024, Seeking Alpha reported that Dada said it identified some suspicious practices in a routine audit and that its revenue guidance should no longer be relied on. “In the course of its routine internal audit, certain suspicious practices were identified that may cast doubt on certain revenues from the Company”s online advertising and marketing services in 2023.” For more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471.
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The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.
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