WELLINGTON, Fla., April 7, 2020 /PRNewswire/ -- Barbuto &
Johansson, P.A. ("BARJO") and Of Counsel, Neil Rothstein, Esq. (with over 30 years of
Securities Class Action Experience, including cases against ENRON
and Halliburton) remind investors of the class action lawsuit that
has been filed on behalf of purchasers of the securities of Luckin
Coffee Inc. (NASDAQ: LK): (1) from May 17,
2019 through April 2, 2020,
inclusive (the "Class Period"); (2) in or traceable to the
Company's public offering of ADSs conducted on or around
May 17, 2019 (the "IPO"); and/or (3)
in or traceable to the Company's public offering of ADSs conducted
on or around January 10, 2020 (the
"2020 Offering"). The lawsuit seeks to recover damages for Luckin
investors under the federal securities laws. Purchasers of
Luckin stock (except defendants) at anytime through April 2, 2020 may contact the attorneys listed
below for more information.
As the investigation continues over the alleged fabrication of
transactions by the Company's Chief Operation Officer and several
employees reporting to him, a syndicate of lenders are now seeking
to sell up to 76.35 million shares that were pledged as collateral
on a loan defaulted by an entity controlled by the family trust of
the Company's Chairman and Chief Executive Officer. The stock
plunged yesterday to its lowest share price.
If you purchased shares in Luckin Coffee, you may contact
Anthony Barbuto, at (888) 715-2520
or via email at anthony@barjolaw.com; or Neil Rothstein at (330) 860-4092 or email at
neil@barjolaw.com to discuss this case, your options as a class
member or any questions you have about this process.
BARJO follows the principles set forth in the case Berger v.
Compaq, 257 F.3d 475 (5th Cir, 2001) which states "[c]lass
action lawsuits are intended to serve as a vehicle for capable,
committed advocates to pursue the goals of the class members
through counsel, not for capable, committed counsel to pursue their
own goals through the class members."
Barbuto & Johansson, P.A.
Anthony Barbuto, Esq.
1-888-715-2520
12773 Forest Hill Blvd., 101
Wellington, FL 33414
www.barjolaw.com
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SOURCE Barbuto & Johansson, P.A.