Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Luckin Coffee Inc.
April 03 2020 - 2:01PM
Business Wire
Federman & Sherwood announces that on April 2, 2020, a class
action lawsuit was filed in the United States District Court for
the Eastern District of New York against Luckin Coffee Inc.
(NASDAQ: LK). The complaint alleges violations of federal
securities laws, Sections 11 and 15 of the Securities Act of 1933
and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934
and Rule 10b-5, including allegations of issuing a series of
material or false misrepresentations to the market which had the
effect of artificially inflating the market price during the Class
Period, which is (i) May 17, 2019 through April 2, 2020, inclusive;
(ii) or traceable to Luckin Coffee Inc.’s (“Company”) public
offering of ADSs conducted on or around May 17, 2019 (the "IPO");
and/or (iii) in or traceable to the Company's public offering of
American depositary share (“ADS”) conducted on or around January
10, 2020 (the "2020 Offering").
To learn how to participate in this action, please visit
https://www.federmanlaw.com/blog/federman-sherwood-announces-the-filing-of-a-securities-class-action-lawsuit-against-luckin-coffee-inc/.
Plaintiff seeks to recover damages on behalf of all Luckin
Coffee Inc. shareholders who purchased common stock during the
Class Period and are therefore a member of the Class as described
above. You may move the Court no later than Monday, April 13, 2020
to serve as a lead plaintiff for the entire Class. However, in
order to do so, you must meet certain legal requirements pursuant
to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information
and participate in this or any other securities litigation, or
should you have any questions or concerns regarding this notice or
preservation of your rights, please contact:
Robin Hester FEDERMAN & SHERWOOD 10205 North Pennsylvania
Avenue Oklahoma City, OK 73120 Email to: rkh@federmanlaw.com Or,
visit the firm’s website at www.federmanlaw.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200403005465/en/
Robin Hester FEDERMAN & SHERWOOD rkh@federmanlaw.com
www.federmanlaw.com
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