What’s With All The Lawsuits Against Luckin Coffee?

April’s been a tough month for Luckin Coffee (NASDAQ:LK). The Chinese coffee company’s stock plunged on April 2 in light of an internal investigation into allegations of fraudulently fabricated transactions that involved a huge portion of its revenue during the last nine months of 2019. The share price remains more than 80% below where it traded on April 1.