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In re Luckin Coffee Inc. Securities Litigation

  1. July 22, 2022

    Luckin Coffee Investor Attys Nab $30M Fees From $175M Deal

    A New York federal judge awarded $30 million to the attorneys who secured a $175 million cash settlement for a class of investors that sued now-defunct Luckin Coffee Inc. and who alleged the Beijing-based company used "sham transactions" to fake hundreds of millions of dollars in sales.

  2. September 21, 2021

    Luckin Coffee Locks Down $187M Deal To End Investor Suit

    Luckin Coffee Inc. has signed a binding term sheet that will resolve U.S. investors' putative class action claims against the Chinese coffee chain as part of a $187.5 million global settlement.

  3. July 07, 2021

    Funds Can't Intervene In Proposed Luckin Coffee Settlement

    A New York federal judge has tossed a bid by a group of investment funds to intervene in a proposed settlement they intend to opt out of between now-bankrupt Luckin Coffee Inc. and a class of investors over claims the company artificially inflated sales numbers.

  4. March 08, 2021

    Luckin Coffee Investors Work Toward Stock Suit Settlement

    Luckin Coffee and a proposed class of its investors told a New York federal judge that they are working toward a potential resolution of claims that the Chinese coffee chain used "sham transactions" to fake hundreds of millions of dollars in sales.

  5. January 25, 2021

    Luckin Investors Slam Exit Bids In Suit Over 'Massive' Fraud

    Investors in Chinese-based coffee chain Luckin Coffee urged a New York federal judge not to toss its proposed class action that alleges the company used "sham transactions" to fake hundreds of millions of dollars in sales, perpetrating "massive undisclosed fraud."

  6. November 24, 2020

    Luckin Coffee, Banks Seek Nix Of Shareholder Securities Suit

    Chinese coffeehouse chain Luckin Coffee and its underwriters filed dual motions Monday asking a New York federal judge to dismiss shareholder class action claims that their negligence and misinformation caused the company's stock to plunge following news of hundreds of millions of dollars in fabricated sales.

  7. June 12, 2020

    Bernstein, Kessler Win Lead In Luckin Suit After Fiery Fight

    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.

  8. June 02, 2020

    Top Dog In Fight To Lead Luckin Suit Exits After Fraud Query

    The investor set claiming to have sustained the most losses from alleged misconduct by Luckin Coffee has dropped out of a fiery competition for appointment as lead plaintiff in a stock-drop suit against the Chinese coffee chain.

  9. May 19, 2020

    Firms Get Fiery In Fight To Lead Consolidated Luckin Suit

    The New York federal judge who consolidated the investor suits against Luckin Coffee on Friday is now reviewing an aggressive lead plaintiff race that drew 18 bids and and has seen its leading contenders cast fiery rebukes at one another.