DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Luckin Coffee, Inc. and Encourages Investors to Contact the Firm
Luckin Coffee Inc. (LK)
Last luckin coffee inc. earnings: 11/13 06:00 am
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Luckin Coffee, Inc. (NASDAQ: LK) securities between May 17, 2019 and April 2, 2020 (the “Class Period”). Investors have until April 13, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.Click here to participate in the action.On January 31, 2020, Muddy Waters Research published an anonymous report alleging that Luckin had fabricated some of the Company’s financial performance metrics, beginning in the third quarter of 2019 (“3Q19”) (the “Muddy Waters Report”). The Muddy Waters Report purported to cite “smoking gun evidence,” including, thousands of hours of store video, thousands of customer receipts, and diligent monitoring of the Company’s mobile application metrics, which allegedly s
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