Thornton Law Firm LLP announces that a lawsuit has been filed on behalf of shareholders of Luckin Coffee (LK). Investors who purchased LK stock or other securities between April 1, 2016 and April 2, 2020 that are interested to learn more about their potential claims and legal rights are encouraged to visit https://www.tenlaw.com/cases/LK. Shareholders may also contact Thornton Law Firm at firstname.lastname@example.org, or call 617-531-3917.
On April 2, 2020, Luckin announced that it was suspending its Chief Operating Officer and several other employees for misconduct related to the fabrication of sales or transactions. In a press release, Lucking announced that it was forming a special committee of the Board of Directors to oversee an internal investigation into certain issues raised to the Board’s attention during the audit of the consolidated financial statements for the fiscal year ended December 31, 2019.