Luckin Coffee Reaches Preliminary Agreement Worth $175 Million for Class Action Settlement
Reuters reported on Wednesday that Luckin Coffee Inc. has reached a $175 million settlement in its shareholder class-action lawsuit.
Lawyers for the shareholders called the all-cash settlement, filed on Monday night, an “excellent result,” citing Luckin’s liquidation proceeding in the Cayman Islands and its related filing for protection under the U.S. Ba…
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