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Stock impact report

LU Investor Alert: Lufax Holding Ltd Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Executives Allegedly Falsified SOX Certifications: Levi & Kors...

Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares (LU) 
Company Research Source: Business Wire
Important Information Regarding Section 20(a) Individual Liability Claims Against Lufax's CEO and CFO NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky, LLP alerts investors in Lufax Holding Ltd (NYSE: LU) of a pending securities class action naming two senior officers as individual defendants. Class Period: April 7, 2023 through January 26, 2025. Find out if you qualify to recover losses or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com | (212) 363-7500.Lufax ADS holders lost $0.40 per share (13.8%) on the initial corrective disclosure, with cumulative declines pushing shares from $2.89 to $2.26 over three trading sessions. A re-audit confirmed net profit overstatements of RMB 917.0 million (2022) and RMB 81.4 million (2023). The Court has set May 20, 2026 as the deadline to apply for lead plaintiff appointment.The Named Individual DefendantsThe securities action identifies Yong Suk Cho, who served as Chief Executive Officer at all relevant times, and David Siu Kam Choy, who s Show less Read more
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