
China's Investors Take Luckin Coffee to Court for Painful Stock Loss
Lawsuit filed by China's domestic investors against Luckin Coffee's fabricated sales fraud has been proceeding by Xiamen Intermediate People's Court.
4/23/20202 min read
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Lawsuit filed by China's domestic investors against Luckin Coffee's fabricated sales fraud has been proceeding by Xiamen Intermediate People's Court.
Luckin Coffee issued an official apology statement on Weibo regarding the recent fraud allegations that saw the company’s stock dip nearly 80%.