The Shareholders Foundation announces that an investigation on behalf of investors of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) shares was launched over potential securities laws violations by E Commerce China Dangdang Inc and certain of its directors and officers.
Investors who purchased shares of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) concerning whether a series of statements by E Commerce China Dangdang Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
E Commerce China Dangdang Inc reported that its annual Total Revenue rose from over $5.19 billion in 2012 to over $6.32 billion in 2013 and that its respective Net Loss declined from $43.85 million to $142.87 million. Shares of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) traded in March 2014 as high as $18.66 per share.
On March 11, 2015, E Commerce China Dangdang Inc announced that it is rescheduling the release of its fourth quarter and fiscal year 2014 financial results and the earnings conference call due to a scheduling issue. Shares of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) declined to as low as $7.49 per share on March 17, 2015.
On march 23, 2015, NYSE:DANG shares closed at $8.23 per share.
Those who purchased shares of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com