Need Help? Call : (310) 914-5007
Need Help? Call : (310) 914-5007
The Law Offices of Frank R. Cruz announces an investigation of Newegg Commerce, Inc. (“Newegg” or the Company”) (NASDAQ: NEGG) on behalf of investors concerning the Company’s possible violations of federal securities laws.
What Is The Investigation About?
On January 21, 2026, Newegg disclosed that it had received a notice from the family of the Company’s controlling shareholder and chairman, He Zhitao, that he is being placed under investigation and has been detained for matters that “pertain personally to Mr. He Zhitao.”
On this news, Newegg’s stock price fell $9.79, or 17.7%, to close at $45.53 per share on January 21, 2026, thereby injuring investors.
If you suffered a loss on your Newegg Commerce, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.
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