Shareholder Alert: Robbins LLP Reminds Investors Luckin Coffee Inc. (LK) Sued for Misleading Shareholders
Luckin Coffee Inc. (LK)
Last luckin coffee inc. earnings: 11/13 06:00 am
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Source: Business Wire
SAN DIEGO & XIAMEN, China--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Luckin Coffee Inc. (NASDAQ: LK) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between November 13, 2019 and January 31, 2020. Luckin Coffee engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.If you suffered a loss as a result of Luckin Coffee's misconduct, click here.Luckin Coffee Inc. (LK) Accused of Misleading Shareholders According to the complaint, on November 13, 2019, Luckin issue a press release announcing its financial and operating results for 3Q19, which highlighted positive increases in average monthly total items, total net revenues, and store level operating profit. However, on January 31, 2020, Muddy Waters reported that Luckin had fabricated several financial figures based on a review of thousands of store vi
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