WELLINGTON, Fla., April 10, 2020 /PRNewswire/ -- Barbuto & Johansson, P.A. ("BARJO") and Of Counsel, Neil Rothstein, Esq. (with over 30 years of Securities Class Action Experience, including cases against ENRON and Halliburton) informs investors that a class action lawsuit has been filed, expanding the class definition in earlier filed cases, on behalf of purchasers of the securities of Luckin Coffee Inc. (NASDAQ: LK): (1) from May 17, 2019 through April 6, 2020, inclusive (the "Class Period"); (2) in or traceable to the Company's public offering of ADSs conducted on or around May 17, 2019 (the "IPO"); and/or (3) in or traceable to the Company's public offering of ADSs conducted on or around January 10, 2020 (the "2020 Offering"). The lawsuit seeks to recover damages for Luckin investors under the federal securities laws. Purchasers of Luckin stock (except defendants) at any time through April 6, 2020 may contact the attorneys below immediately.
In addition to the class period expansion, on April 9, 2020, the Nasdaq Stock Market® announced that the trading halt status in Luckin Coffee Inc. was changed to "additional information requested" from the Company. Trading in the company's stock had been halted on April 7, 2020 at 9:15:25 Eastern Time for "news pending" at a last sale price of $4.39. Trading will remain halted until Luckin Coffee Inc. has fully satisfied Nasdaq's request for additional information.
Barbuto & Johannson attorneys have been contacted by countless purchasers of Luckin securities. Due to the high volume of calls that BARJO attorneys are handling on this case while working remotely, the firm kindly requests that you e-mail the attorneys below unless you have losses that you believe exceed $250,000.00. Those with such substantial losses should call or email. Every aggrieved shareholder is important in this alleged fraud, especially at this particular moment and the lawyers will do their best to respond to all enquiries.
Barbuto & Johansson, P.A.
Anthony Barbuto, Esq.
12773 Forest Hill Blvd., 101
Wellington, FL 33414
SOURCE Barbuto & Johansson, P.A.