LUCKIN COFFEE

As more fully described in the Notice of Proposed Settlement of Class Action (the "Notice"), Plaintiffs allege that in January 2020, Luckin offered $460 million in Convertible Notes pursuant to materially false Offering documents. The Offering documents represented that Luckin was enjoying tremendous sales and revenue growth. However, the growth rate was in part the product of misconduct orchestrated by the Company's most senior executives, officers and directors. Luckin later announced that certain Company employees fabricated $310 million worth of transactions in order to create the appearance of revenue and operational growth. Following disclosure of this wrongdoing, the price of the Convertible Notes fell to 80% below par, causing damages to the purchaser of the Convertible Notes... This website has been established to provide general information related to the proposed settlement of the case referred to as Luckin Convertible Notes Settlement.

Also known as: Luckin Coffee Inc., Luckin Convertible Notes Settlement

Primary location: Novato United States