Contact Levi & Korsinsky by March 11, 2024 Deadline to Join Class Action Against Dada Nexus Limited(DADA)

NEW YORK, Feb. 16, 2024

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dada Nexus investors who were adversely affected by alleged securities fraud between May 11, 2023 and January 8, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/dada-nexus-lawsuit-submission-form?prid=67137&wire=4

DADA investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Dada revenues from online advertising, marketing services, and operations and support costs were materially overstated; (2) as a result, Dada 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 (3) 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.

WHAT'S NEXT? If you suffered a loss in Dada Nexus during the relevant time frame, you have until March 11, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.