Luckin Coffee Inc.
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Luckin Coffee Inc. (NASDAQ: LK) from November 13, 2019 through January 31, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Luckin Coffee Inc. investors under the federal securities laws.
If you bought Luckin Coffee Inc. securities between November 13, 2019 through January 31, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Luckin Coffee Inc. – LK
New York, N.Y., February 18, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Luckin Coffee Inc. (NASDAQ: LK) between November 13, 2019 and January 31, 2020, inclusive (the “Class Period”).
To join the LK class action, go to http://zhanginvestorlaw.com/cases/luckin-coffee-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU NEED NOT BE LEAD PLAINTIFF TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) certain of Luckin’s financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from “other products” were inflated; (2) Luckin’s financial results thus overstated the Company’s financial health and were consequently unreliable; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 13, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/luckin-coffee-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.