Barbuto & Johansson Litigation Update: Luckin Coffee (NASDAQ: LK) Trade Halt Continues While Goldman Sachs Reports That Entity Controlled by Chairman and Founder Lu Zhengyao’s Family Trust...
Luckin Coffee Inc. (LK)
Last luckin coffee inc. earnings: 11/13 06:00 am
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Source: GlobeNewswire
WELLINGTON, Fla., April 12, 2020 (GLOBE NEWSWIRE) -- Barbuto & Johansson, P.A. (“BARJO”) and Of Counsel, Neil Rothstein, Esq. (with over 30 years of Securities Class Action Experience, including cases against ENRON and Halliburton) informs investors that a class action lawsuit has been filed on behalf of purchasers of the securities of Luckin Coffee Inc. (NASDAQ: LK) Purchasers of Luckin stock (except defendants) at ANY time from the IPO on May 17, 2019 through the expanded class period date of April 6, 2020, inclusive, are encouraged to contact the attorneys below. Luckin stock had plunged nearly 80% on April 2 after the company’s board of directors said that it is launching an internal probe into alleged accounting fraud at the company. The stock tumbled further to $4.39 last Monday at the close, before trading was halted and has yet to reopen. Investment banks have extended margin loans to Luckin Coffee’s founder and chairman Lu Zhengyao with the company’s securities as collate
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