Levi & Korsinsky Announce Class Action Lawsuit Against Dada Nexus Limited - DADA Investors Urged to Act

Investors of Dada Nexus Limited DADA, a local on-demand retail and delivery platform based in Shanghai, China, are receiving formal notification of a class action lawsuit initiated by the law firm Levi & Korsinsky, LLP. As detailed in a press statement dated January 29, 2024, the firm is soliciting participants who have experienced financial losses during the defined class period relating to their investment in DADA.

Class Action Lawsuit Alert

The lawsuit alleges that Dada Nexus Limited may have issued materially misleading business information to the investing public. Shareholders who have purchased shares of DADA and subsequently suffered from financial losses are the focus of the ongoing litigation. Levi & Korsinsky, LLP advocates for the rights of shareholders and urges affected investors to make contact and join the class action lawsuit to recover their losses.

Investor Notification and Lead Plaintiff Deadline

Investors are advised that deadlines to participate as a lead plaintiff, which can offer advantages such as steering the direction of the case, are rapidly approaching. All investors who have had dealings with DADA shares and are concerned about their investment are prompted to stay informed about the case developments and deadlines.

About Dada Nexus Limited

Dada Nexus Limited operates principally in China, providing a critical platform connecting local retailers with consumers through their on-demand delivery services. Headquartered in Shanghai, the company has crafted a significant presence in the local retail space, striving to harness the power of technology for expedited commerce.

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