Hmm_老虎社区_美港股上老虎

Ahwen
2021-10-26

Hmm

Luckin Coffee reaches $175 million class action settlement over accounting fraud

Luckin Coffee Inc(LC0Ay.MU), shareholders asked a U.S. judge to approve a $175 million settlement of

Luckin Coffee reaches $175 million class action settlement over accounting fraud

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

推荐
最新

暂无评论

热议股票

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":852613765,"tweetId":"852613765","gmtCreate":1635261294398,"gmtModify":1635261294663,"author":{"id":3575445851091382,"authorId":3575445851091382,"authorIdStr":"3575445851091382","name":"Ahwen","avatar":"https://static.tigerbbs.com/6f74de861820657a3e36a4783fa79093","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":10,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Hmm</p></body></html>","htmlText":"<html><head></head><body><p>Hmm</p></body></html>","text":"Hmm","highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/852613765","repostId":1167712223,"repostType":4,"repost":{"id":"1167712223","pubTimestamp":1635260852,"share":"https://www.laohu8.com/m/news/1167712223?lang=&edition=full","pubTime":"2021-10-26 23:07","market":"us","language":"en","title":"Luckin Coffee reaches $175 million class action settlement over accounting fraud","url":"https://stock-news.laohu8.com/highlight/detail?id=1167712223","media":"Reuters","summary":"Luckin Coffee Inc(LC0Ay.MU), shareholders asked a U.S. judge to approve a $175 million settlement of","content":"<p>Luckin Coffee Inc(LC0Ay.MU), shareholders asked a U.S. judge to approve a $175 million settlement of class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue.</p>\n<p>Lawyers for the shareholders called the all-cash settlement filed on Monday night an \"excellent result,\" citing Luckin's liquidation proceeding in the Cayman Islands and its related filing for protection under the U.S. Bankruptcy Code.</p>\n<p>The accord also covers Luckin officials and underwriters of the company's $645 million initial public offering in 2019 and a later offering of American depositary shares.</p>\n<p>Luckin denied wrongdoing in agreeing to settle. Its U.S.-based lawyer did not immediately respond on Tuesday to requests for comment.</p>\n<p>Founded in 2017, the Xiamen, China-based company ended March with about 5,000 stores.</p>\n<p>Shareholders sued Luckin in February 2020, two weeks after short-seller Muddy Waters Research accused it of inflating revenue.</p>\n<p>Two months later, Luckin's share price sank 81% after the company said an internal probe found that its chief operating officer and other staff fabricated about $310 million of sales in 2019, or about 40% of annual sales projected by analysts.</p>\n<p>Luckin agreed last December to pay a $180 million fine to settle U.S. Securities and Exchange Commission&nbsp;accounting fraud&nbsp;civil charges.</p>\n<p>The SEC said Luckin raised more than $864 million from equity and debt investors while the fraud was taking place.</p>\n<p>Monday's settlement requires approval by U.S. District Judge John Cronan in Manhattan, and by a Cayman Islands court.</p>\n<p>The shareholders were led by Swedish pension fund Sjunde AP-Fonden and the Louisiana Sheriffs’ Pension &amp; Relief Fund.</p>\n<p>Their lawyers, led by Kessler Topaz Meltzer &amp; Check and Bernstein Litowitz Berger &amp; Grossmann, may seek fees of up to 25% of the settlement fund.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Luckin Coffee reaches $175 million class action settlement over accounting fraud</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLuckin Coffee reaches $175 million class action settlement over accounting fraud\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-26 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/retail-consumer/luckin-coffee-reaches-175-million-class-action-settlement-over-accounting-fraud-2021-10-26/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Luckin Coffee Inc(LC0Ay.MU), shareholders asked a U.S. judge to approve a $175 million settlement of class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by ...</p>\n\n<a href=\"https://www.reuters.com/business/retail-consumer/luckin-coffee-reaches-175-million-class-action-settlement-over-accounting-fraud-2021-10-26/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LKNCY":"瑞幸咖啡"},"source_url":"https://www.reuters.com/business/retail-consumer/luckin-coffee-reaches-175-million-class-action-settlement-over-accounting-fraud-2021-10-26/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167712223","content_text":"Luckin Coffee Inc(LC0Ay.MU), shareholders asked a U.S. judge to approve a $175 million settlement of class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue.\nLawyers for the shareholders called the all-cash settlement filed on Monday night an \"excellent result,\" citing Luckin's liquidation proceeding in the Cayman Islands and its related filing for protection under the U.S. Bankruptcy Code.\nThe accord also covers Luckin officials and underwriters of the company's $645 million initial public offering in 2019 and a later offering of American depositary shares.\nLuckin denied wrongdoing in agreeing to settle. Its U.S.-based lawyer did not immediately respond on Tuesday to requests for comment.\nFounded in 2017, the Xiamen, China-based company ended March with about 5,000 stores.\nShareholders sued Luckin in February 2020, two weeks after short-seller Muddy Waters Research accused it of inflating revenue.\nTwo months later, Luckin's share price sank 81% after the company said an internal probe found that its chief operating officer and other staff fabricated about $310 million of sales in 2019, or about 40% of annual sales projected by analysts.\nLuckin agreed last December to pay a $180 million fine to settle U.S. Securities and Exchange Commission accounting fraud civil charges.\nThe SEC said Luckin raised more than $864 million from equity and debt investors while the fraud was taking place.\nMonday's settlement requires approval by U.S. District Judge John Cronan in Manhattan, and by a Cayman Islands court.\nThe shareholders were led by Swedish pension fund Sjunde AP-Fonden and the Louisiana Sheriffs’ Pension & Relief Fund.\nTheir lawyers, led by Kessler Topaz Meltzer & Check and Bernstein Litowitz Berger & Grossmann, may seek fees of up to 25% of the settlement fund.","news_type":1},"isVote":1,"tweetType":1,"viewCount":792,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Luckin Coffee reaches $175 million class action settlement over accounting fraud

评论（2）

热议股票