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If you purchased shares of E Commerce China Dangdang Inc (ADR) (NYSE:DANG), you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
March 16, 2015 (Shareholders Foundation) - 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.
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.
