What's With All the Lawsuits Against Luckin Coffee? [The Motley Fool]
Luckin Coffee Inc. (LK)
Last luckin coffee inc. earnings: 11/13 06:00 am
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Source: The Motley Fool
April's been a tough month forLuckin Coffee(NASDAQ:LKIn the wake of thatscandalImage source: Getty Images.The onslaught against Luckin CoffeeThe press releases that law firms make in pursuing suits against companies are designed to get your attention:Luckin Case Expanded to Include IPO, SPO, and Other Purchasers; Investors With Losses in Excess of $00K Should Contact FirmIn all, dozens of different law firms are planning to file lawsuits against Luckin, and they're all looking for shareholders who've suffered losses from owning the stock. choices for would-be plaintiffsThe common thread that all of these lawsuits have is that they're trying to recover damages suffered by shareholders. Plaintiffs have two main choices in these situations: they can become part of a broader class action, or they can file a shareholder derivative lawsuit on behalf of the corporation whose shares they own.Most of the lawsuits against Luckin Coffee right now take the class action approach. They include alle
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