CEDARHURST, N.Y., April 12, 2020 /PRNewswire/ -- The securities
litigation law firm of Kuznicki Law PLLC issues this alert to
shareholders of Luckin Coffee Inc. (NasdaqGS: LK).
The investigation concerns whether Luckin and certain of its
officers and/or directors have engaged in fraud, negligence or
other unlawful business practices.
On April 2, 2020, the Company
disclosed that it is investigating reports that senior executives
and employees fabricated transactions totaling 2.2 billion yuan ($310
million) and, as a result, investors could not rely on its
previous financial statements for the nine months ended
September 30, 2019.
On this news, the price of Luckin's shares plummeted over
80%
Shareholders may find more information at
https://kclasslaw.com/cases/securities/nasdaqgs-lk/
Shareholders who purchased shares in this company are encouraged
to contact us via the case links above, by calling toll-free at
1-833-835-1495 or by email (dk@kclasslaw.com).
Kuznicki Law PLLC is committed to ensuring that companies adhere
to responsible business practices and engage in good corporate
citizenship. The firm seeks recovery on behalf of investors who
incurred losses when false and/or misleading statements or the
omission of material information by a Company lead to artificial
inflation of the Company's stock. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 344
Cedarhurst, NY 11516
Email: dk@kclasslaw.com
Phone: (347) 696-1134
Cell: (347) 690-0692
Fax: (347) 348-0967
https://kclasslaw.com
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SOURCE Kuznicki Law PLLC