What’s With All The Lawsuits Against Luckin Coffee?
April 8, 2020
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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.
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