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Stock impact report

Investor Notice: Robbins LLP Informs Investors of the Lufax Holding Ltd. Class Action Lawsuit

Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares (LU) 
Company Research Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Lufax Holding Ltd. (NYSE: LU) securities between April 7, 2023 and January 26, 2025. Lufax Holding Ltd engages in the retail credit and enablement business to borrowers and institutions in China.For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The Allegations: Robbins LLP is Investigating Allegations that Lufax Holding Ltd. (LU) had Inadequate Internal ControlsAccording to the complaint, during the class period, defendants made material misstatements in their financial reports and lacked adequate internal controls.Plaintiff alleges that on January 27, 2025, Lufax announced it was proposing to remove its auditor. The announcement revealed that Lufax fired PricewaterhouseCoopers (“PwC”) because PwC had significant concerns about Lufax’s financial disclosures and, in particula Show less Read more
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