Investors who purchased Luckin Coffee securities and have lost at least $2,000,000 are encouraged to contact Bing Zhang Ryan, litigation partner of MagStone Law, at bingzhangryan@magstonelaw.com for a free initial consultation regarding potential recovery of their losses.
On April 2, 2020, Luckin Coffee stock plummeted nearly 80% after the company issued a press release admitting that its Chief Operating Officer Jian Liu and certain other employees had fabricated a significant amount of sales from the second quarter through the fourth quarter of 2019. As a result of this announcement, Luckin Coffee investors suffered a significant loss.
Bing Zhang Ryan is a senior litigator who has extensive experience litigating a variety of civil actions, including individual and complex class actions, in various federal and state courts in the U.S. Her expertise includes litigating cases for securities class actions and opt out cases for individual investors.