The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Luckin Coffee Inc. Investors (LK)
The Law Offices of Frank R. Cruz announces an investigation on
behalf of Luckin Coffee Inc. (“Luckin Coffee” or the “Company”)
(NASDAQ: LK) investors concerning the Company and its officers’
possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
On January 31, 2020, Muddy Waters Research published a report
alleging that Luckin “had evolved into a fraud by fabricating
financial and operating numbers starting in [the] 3rd quarter
2019.” Among other allegations, Muddy Waters claims that the
“[n]umber of items per store per day was inflated by at least 69%
in 2019 3Q and 88% in 2019 4Q” and that “Luckin inflated its net
selling price per item by at least RMB 1.23 or 12.3%.”
On this news, Luckin’s share price has fallen more than 10% on
January 31, 2020.
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If you purchased Luckin 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, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
email@example.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
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The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 firstname.lastname@example.org www.frankcruzlaw.com