E-Commerce China Dangdang Inc (ADR) (NYSE:DANG) Investor Alert: Investigation over Possible Violations of Securities Laws
An investigation for investors in E Commerce China Dangdang Inc (ADR) (NYSE:DANG) shares over potential securities laws violations by E Commerce China Dangdang Inc was announced and NYSE:DANG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 03/17/2015 --An investigation on behalf of investors of E Commerce China Dangdang Inc (ADR) (NYSE:DANG) shares over potential securities laws violations by E Commerce China Dangdang Inc and certain of its directors and officers in connection certain financial statements was announced.
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 $7.77 per share on March 16, 2015.
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
Media Relations Contact
Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com
View this press release online at: http://rwire.com/586698