Luckin Coffee Faces Shareholder Lawsuit over Alleged Misleading Company Metrics
Posted on 03/16/2020
Chinese coffee retail company Luckin Coffee Inc. is facing a shareholder lawsuit over alleged mistatements and/or failure to disclosure. These allegations charge Luckin Coffee on false and/or misleading statements on certain of Luckin’s financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from “other products”. The charges […]
