The Law Offices of Frank R. Cruz Announces Investigation of Li Auto Inc. (LI) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of Li Auto Inc. (LI) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Li Auto Inc. (“Li Auto” or the “Company”) (NASDAQ: LI) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On March 21, 2024, Li Auto disclosed that “[d]ue to lower-than-expected order intake, the Company now expects its vehicle deliveries for the first quarter of 2024 to be between 76,000 and 78,000 vehicles, revised from the previous vehicle delivery outlook of between 100,000 and 103,000 vehicles.”
On this news, Li Auto’s stock price fell $2.55, or 7.5%, to close at $31.53 per share on March 21, 2024, thereby injuring investors.
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If you purchased Li Auto securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
