Luckin Coffee, Banks Seek Nix Of Shareholder Securities Suit

By Rachel O'Brien (November 24, 2020, 8:52 PM EST) -- 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....

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