LK SHAREHOLDER ALERT - Bronstein, Gewirtz & Grossman, LLC Notifies Luckin Coffee Inc. Shareholders of Class Action 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)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Luckin Coffee Inc. (“Luckin” or the Company”) (NASDAQ: LK) and certain of its officers, on behalf of shareholders who purchased Luckin securities between November 13, 2019 and January 31, 2020, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/lk.This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) certain of Luckin’s financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from “other products” were inflated; (2) Luckin’s financial results thus oversta
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