BOSTON, MA / ACCESSWIRE / April 15, 2020 / Thornton Law Firm LLP alerts investors who purchased or acquired Luckin Coffee (NASDAQ:LK) securities that an expanded class action lawsuit has been filed on behalf of investors. Investors who purchased at least $250,000USD in Luckin securities (including ADS, options, or derivatives) should visit https://www.tenlaw.com/cases/LK to submit their information. Investors may also email firstname.lastname@example.org or call 617-531-3917.
Investors from anywhere in the world are encouraged to contact Thornton Law Firm, including outside the USA. Investors who purchased structured finance products or derivative investments that referenced or held Luckin securities are also encouraged to contact Thornton Law Firm. Luckin investors who purchased bond or debt notes should also contact the firm.
FOR MORE INFORMATION, VISIT: https://www.tenlaw.com/cases/LK
On April 2, 2020, Luckin announced that it was suspending its Chief Operating Officer and several other employees for misconduct related to the fabrication of sales or transactions. In a press release, Luckin announced that it was forming a special committee of the Board of Directors to oversee an internal investigation into certain issues raised to the Board's attention during the audit of the consolidated financial statements for the fiscal year ended December 31, 2019. The Company's press release stated: "The information identified at this preliminary stage of the Internal Investigation indicates that the aggregate sales amount associated with the fabricated transactions from the second quarter of 2019 to the fourth quarter of 2019 amount to around RMB 2.2 billion. Certain costs and expenses were also substantially inflated by fabricated transactions during this period." The Company also stated: "As a result, investors should no longer rely upon the Company's previous financial statements and earning releases for the nine months ended September 30, 2019 and the two quarters starting April 1, 2019 and ended September 30, 2019…."
Investors who purchased at least $250,000USD in Luckin securities (including ADS, options, or derivatives) should visit https://www.tenlaw.com/cases/LK to submit their information. Shareholders may also contact Thornton Law Firm at email@example.com, or call 617-531-3917. Investors from anywhere in the world are encouraged to contact Thornton Law Firm, including from outside the USA. Investors who purchased structured finance products or other derivative investments are also encouraged to contact Thornton Law Firm.
FOR MORE INFORMATION: https://www.tenlaw.com/cases/LK
Thornton Law Firm's securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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