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Investigation for Investors in shares of Luckin Coffee Inc. (NASDAQ: LK) over possible Violations of Securities Laws announced

02-10-2020 05:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Luckin Coffee Inc. (NASDAQ: LK) shares over potential securities laws violations.

An investigation for investors in Luckin Coffee Inc. (NASDAQ: LK) shares over potential securities laws violations.

Luckin Coffee Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Luckin Coffee Inc. (NASDAQ: LK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Luckin Coffee Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based Luckin Coffee Inc. engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. On January 31, 2020, an anonymous report was published alleging that Luckin Coffee Inc fabricated several financial figures, starting in the third quarter of 2019. The report claimed, among other things, that Luckin Coffee Inc inflated the number of items per store per day based on a review of over eleven thousand hours of store video and that Luckin inflated its net selling price per item by at least 12.3%.

Shares of Luckin Coffee Inc. (NASDAQ: LK) declined from $51.38 per share on January 17, 2020 to as low as $26.75 per share on January 31, 2020.

Those who purchased shares of Luckin Coffee Inc. (NASDAQ: LK) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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