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NEW YORK--(BUSINESS WIRE)--Scott Scott Attorneys at Law LLP (“Scott Scott”), a civic balance and customer rights activity firm, is advice investors that a chic activity accusation has been filed adjoin Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (NASDAQ: LK) and added defendants accompanying to declared violations of federal balance laws. If you purchased Luckin Coffee American Depository Shares (“ADSs”) amid November 13, 2019 and January 31, 2020, inclusive, you are encouraged to acquaintance Scott Scott advocate Jonathan Zimmerman for added advice at (888) 398-9312 or jzimmerman@scott-scott.com.

Luckin Coffee is a China-based, technology-driven coffee abundance company.

The accusation alleges that defendants bogus materially apocryphal and ambiguous statements apropos the company’s business, operational, and acquiescence policies, including: (i) assertive of Luckin’s banking achievement metrics, including per-store per-day sales, net affairs amount per item, announcement expenses, and acquirement addition from “other products” were inflated; and (ii) Luckin's banking after-effects appropriately abstract the Company’s banking bloom and were unreliable.

On January 31, 2020, Muddy Waters Research (“Muddy Waters”) appear a address alleging that Luckin Coffee had bogus assertive of the Company’s banking achievement metrics, alpha in the third division of 2019. The Muddy Waters address asserted that Luckin Coffee aggrandized its per-store per-day sales figures, citation a analysis of bags of hours of abundance video, and that Luckin Coffee decidedly aggrandized its net affairs amount per item.

On this news, the amount of Luckin Coffee ADSs fell $3.91 per allotment – 10.74% – to abutting at $32.49 per allotment on January 31, 2020.

What You Can Do

If you purchased Luckin Coffee ADSs amid November 13, 2019 and January 31, 2020, inclusive, you are encouraged to acquaintance advocate Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com. The advance plaintiff borderline is April 13, 2020.

About Scott Scott Attorneys at Law LLP

Scott Scott has cogent acquaintance in prosecuting above securities, antitrust, and agent retirement plan accomplishments throughout the United States. The abutting represents alimony funds, foundations, individuals, and added entities common with offices in New York, London, Connecticut, California, and Ohio.

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