Newegg Commerce, Inc. Investigated by the Portnoy Law Firm

Globe Newswire 23-Jan-2026 11:08 AM

LOS ANGELES, Jan. 23, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Newegg Commerce, Inc., ("Newegg" or the "Company") (NASDAQ:NEGG) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. 

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/newegg-commerce-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

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.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.

Admitted CA, NY and TX Bar

lesley@portnoylaw.com

310-692-8883

www.portnoylaw.com

Attorney Advertising