NEGG Investors Have Opportunity to Join Newegg Commerce, Inc. Fraud Investigation with the Schall Law Firm
NeweggNewegg(US:NEGG) Globenewswire·2026-01-28 14:30

Core Viewpoint - The Schall Law Firm is investigating Newegg Commerce, Inc. for potential violations of securities laws following the detention of its chairman, which led to a significant drop in share price [1][2]. Group 1: Investigation Details - The investigation focuses on whether Newegg issued false or misleading statements and failed to disclose important information to investors [2]. - Newegg's chairman and controlling shareholder, He Zhitao, was detained and placed under investigation, which was disclosed on January 21, 2026 [2]. Group 2: Market Reaction - Following the news of the chairman's detention, Newegg's shares fell by 17.7% on the same day [2].