LUCKIN COFFEE INVESTIGATION -- Kuznicki Law PLLC Announces Investigation on Behalf of Shareholders of Luckin Coffee Inc. - LK
April 10 2020 - 9:50PM
Business Wire
The securities litigation law firm of Kuznicki Law PLLC issues
this alert to shareholders of Luckin Coffee Inc. (NasdaqGS:
LK).
The investigation concerns whether Luckin and certain of its
officers and/or directors have engaged in fraud, negligence or
other unlawful business practices.
On April 2, 2020, the Company disclosed that it is investigating
reports that senior executives and employees fabricated
transactions totaling 2.2 billion yuan ($310 million) and, as a
result, investors could not rely on its previous financial
statements for the nine months ended September 30, 2019.
On this news, the price of Luckin’s shares plummeted over
80%
Shareholders may find more information at
https://kclasslaw.com/cases/securities/nasdaqgs-lk/
Shareholders who purchased shares in this company are encouraged
to contact us via the case links above, by calling toll-free at
1-833-835-1495 or by email (dk@kclasslaw.com).
Kuznicki Law PLLC is committed to ensuring that companies adhere
to responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a Company lead to artificial
inflation of the Company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
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version on businesswire.com: https://www.businesswire.com/news/home/20200410005219/en/
Kuznicki Law PLLC Daniel Kuznicki, Esq. Email: dk@kclasslaw.com
Phone: (347) 696-1134 Cell: (347) 690-0692 Fax: (347) 348-0967
https://kclasslaw.com
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