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Glancy Prongay & Murray LLP Announces Investigation on Behalf of Luckin Coffee Inc. Investors

January 31, 2020 GMT

LOS ANGELES--(BUSINESS WIRE)--Jan 31, 2020--

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (NASDAQ: LK ) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On January 31, 2020, Muddy Waters Research published a report alleging that Luckin “had evolved into a fraud by fabricating financial and operating numbers starting in [the] 3rd quarter 2019.” Among other allegations, Muddy Waters claims that the “[n]umber of items per store per day was inflated by at least 69% in 2019 3Q and 88% in 2019 4Q” and that “Luckin inflated its net selling price per item by at least RMB 1.23 or 12.3%.”

On this news, Luckin’s share price has fallen approximately 17% on January 31, 2020.

If you purchased Luckin securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200131005532/en/

CONTACT: Glancy Prongay & Murray LLP, Los Angeles

Charles H. Linehan, 310-201-9150 or 888-773-9224

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2020.

PUB: 01/31/2020 02:42 PM/DISC: 01/31/2020 02:42 PM

http://www.businesswire.com/news/home/20200131005532/en