OKLAHOMA CITY--(BUSINESS WIRE)--Federman & Sherwood announces that on April 2, 2020, a class action lawsuit was filed in the United States District Court for the Eastern District of New York against Luckin Coffee Inc. (NASDAQ: LK). The complaint alleges violations of federal securities laws, Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is (i) May 17, 2019 through April 2, 2020, inclusive; (ii) or traceable to Luckin Coffee Inc.’s (“Company”) public offering of ADSs conducted on or around May 17, 2019 (the "IPO"); and/or (iii) in or traceable to the Company's public offering of American depositary share (“ADS”) conducted on or around January 10, 2020 (the "2020 Offering").
To learn how to participate in this action, please visit https://www.federmanlaw.com/blog/federman-sherwood-announces-the-filing-of-a-securities-class-action-lawsuit-against-luckin-coffee-inc/.
Plaintiff seeks to recover damages on behalf of all Luckin Coffee Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, April 13, 2020 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: