Published: August 21, 2026
Overview
Investors who purchased shares of Dada Nexus Limited during a specific period may be eligible for compensation through a proposed class action settlement. District Court for the Central District of California, involves allegations that the company and certain company officials made misleading statements or omissions regarding the business that harmed shareholders. The lawsuit targets Dada Nexus Limited and JD, along with several company officers and directors including Jeff Huijian He, Beck Zhaoming Chen, Laura Marie Butler, Baohong Sun, and Jian Han. Lead Plaintiff Senthil Subramanian and named plaintiff Yan Wang brought the action on behalf of all investors similarly affected. The settlement, agreed to on October 14, 2024, establishes a $4,800,000 fund to compensate eligible class members.
The class includes anyone who purchased Dada Nexus Limited American Depositary Shares between March 9, 2023 and April 22, 2024, inclusive, and suffered financial losses as a result. Excluded from the settlement are defendants, company officers and directors, their family members, and anyone who files a timely request to opt out. The court has scheduled a Settlement Hearing to take place in 2025 at 1:30 p. to determine whether the settlement is fair and reasonable and should receive final approval. Class members have several options available to them.
They may do nothing and await the settlement’s outcome. They may also submit a claim to receive a portion of the settlement fund. Alternatively, class members can opt out of the settlement entirely if they wish to pursue their own legal action. Finally, they may object to the settlement and present their concerns to the court at the Settlement Hearing. Those interested in any of these options should monitor the settlement website for specific deadlines and instructions on how to proceed.
Important Documents
- Dada Preliminary Approval Order
- Dada Nexus Final Long Notice And Claim Form1
- 2024 10 14 Dada Nexus Stipulation Of Settlement Fs With Exhibits
Official Settlement Website
For full details or to file a claim, visit:
https://www.strategicclaims.net/case/dada/