LUCKIN COFFEE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Luckin Coffee, Inc. and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Luckin Coffee, Inc. (NASDAQ: LK) securities between November 13, 2019 and January 31, 2020 (the Class Period). Investors have until April 13, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

On January 31, 2020, Muddy Waters Research published an anonymous report alleging that Luckin had fabricated some of the Companys financial performance metrics, beginning in the third quarter of 2019 (3Q19) (the Muddy Waters Report). The Muddy Waters Report purported to cite smoking gun evidence, including, thousands of hours of store video, thousands of customer receipts, and diligent monitoring of the Companys mobile application metrics, which allegedly showed that, since 3Q19, Luckin had inflated its per-store per-day sales figures, its net selling price per item, its advertising expenses, and its revenue contribution from other products.

On this news, Luckins share price fell $3.91 per share, or over 10%, to close at $32.49 per share on January 31, 2020.

The Complaint, filed on February 13, 2020, alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the companys business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) certain of Luckins financial performance metrics, including per-store per-day sales, net selling price per item, advertising expenses, and revenue contribution from other products were inflated; (ii) Luckins financial results thus overstated the Companys financial health and were consequently unreliable; and (iii) as a result, the Companys public statements were materially false and misleading at all relevant times.

If you purchased Luckin Coffee securities during the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at [email protected], telephone at (646) 860-9156, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit Attorney advertising. Prior results do not guarantee similar outcomes.

Bragar Eagel & Squire, P.C.

Melissa Fortunato, Esq.

Marion Passmore, Esq.

(646) 860-9156

[email protected]