Pomerantz Law Firm Initiates Class Action Against Dada Nexus Limited - DADA

New York, February 3, 2024 - The esteemed law firm Pomerantz LLP has publicized the filing of a class action lawsuit on behalf of investors in Dada Nexus Limited ("Dada" or the "Company") - DADA. The legal action is driven by claims of corporate misconduct and potential misleading of investors. Dada Nexus Limited, recognized for its significant role in facilitating on-demand retail and delivery services, is based in Shanghai and plays a crucial role in China's local commerce dynamics. The lawsuit highlights the crucial period during which shareholders could have been impacted and invites those affected to reach out for potential representation.

Legal Representation for Shareholders

Investors who have incurred losses and are seeking to engage in the class action against Dada Nexus Limited are encouraged to contact representative Danielle Peyton through the email [email protected] or via telephone at 646-581-9980 or 888-4-POMLAW. It is advised for such individuals to act promptly to secure their position and rights within the class action suit.

About Dada Nexus Limited

Dada Nexus Limited operates a sophisticated local on-demand retail platform in China and has established considerable prominence in the e-commerce and delivery sectors within the country. The foundation of their operations is situated in Shanghai, within the bustling People's Republic of China. The company's business model and ensuing success have garnered attention from investors worldwide, reflected in its listing on the NASDAQ under the stock ticker DADA.

Pomerantz, lawsuit, Dada