Bernstein, Kessler Win Lead In Luckin Suit After Fiery Fight

Law360 (June 12, 2020, 10:23 PM EDT) -- Bernstein Litowitz Berger & Grossmann LLP and Kessler Topaz Meltzer & Check LLP will be taking the lead in a stock-drop suit against the Chinese coffeehouse chain Luckin Coffee following a heated contest for the role, a New York federal judge ruled Friday.

U.S. District Judge Lewis J. Liman selected the so-called AP7 group — made up of the Swedish pension Sjunde AP-Fonden and the Louisiana Sheriffs' Pension & Relief Fund — as the lead plaintiff in the case, citing their past successes in recovering "hundreds of millions of dollars" for investors in similar cases.

"Their combined experience and resources give some...

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