BOSTON, June 4, 2020 /PRNewswire/ -- Kyros Law
Offices is alerting investors of Luckin Coffee (NASDAQ: LK) that it
is investigating filing legal claims against the company for
possible securities fraud violations committed by Luckin Coffee
(NASDAQ: LK).
Due to recent events, investors have lost millions of dollars
invested in the company. Kyros Law
is dedicated to fighting for the rights of investors that have lost
money in LK stock.
Luckin Coffee (NASDAQ: LK) investors that have invested over
$100,000 before 4/6/2020, are urged
to contact our law firm immediately to protect their rights. Visit
our LK Shareholder Lawsuit website or call
1-800-934-2921 to speak to someone about your case.
The potential legal claims concern possible violations of
securities law committed by Luckin Coffee (NASDAQ: LK) management
that has led to significant losses to investors. Recent lawsuits
filed against the company allege that the company significantly
overstated its sales data, and allege wrongdoing committed by
management.
The shareholder lawsuit stems from the disaster that LK
investors have faced in recent months. Public knowledge of
potential problems with the company began brewing when a scathing
report was published about the company in early 2020.
According to this report, Luckin inflated per-store per-day sales,
its net selling price per item, its advertising expenses, and its
revenue contribution from "other" products. The same day, LK stock
price took a deep dive. Then, on April 7th,
2020, trading in LK was halted .
Kyros Law Offices urges Luckin Coffee (NASDAQ: LK) investors
that invested more than $100,000
prior to 4/6/2020, to contact our law firm immediately to protect
their rights. Visit our LK Lawsuit website or call
1-800-934-2921 to find out if you have a case.
Receive alerts about potential class action lawsuits that may
affect you by visiting the Class Action Lawsuit Center
website.
Kyros Law specializes in a
wide range of complex litigation, mass torts, and corporate
governance matters, including the representation of whistleblowers,
shareholders and consumers in securities fraud, false claims act
and class actions. Our lawyers have been responsible for recovering
hundreds of millions of dollars for our clients throughout
the United States, Africa, Asia
and Europe. Visit our
website to learn more about our firm.
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SOURCE Kyros Law