Welcome to the Luckin Coffee Inc. Securities Litigation Website.
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency of Class Action (the “Notice”). Since this website is just a summary, you should review the Notice for additional details.
The purpose of this website is to inform potential Class Members: (1) of a class action lawsuit that is now pending in the United States District Court for the Southern District of New York (the “Court”) under the caption In re: Luckin Coffee Inc. Securities Litigation, No. 1:20-cv-01293-JPC-JLC” (the “Action”) against Luckin Coffee Inc. (In Provisional Liquidation) (“Luckin”) and other Defendants, including certain of Luckin’s executives and directors and the underwriters of its Initial Public Offering in May 2019 (“IPO”) and Secondary Public Offering in January 2020 (“SPO”) and (2) that the Court has provisionally certified the Action to proceed as a class action on behalf of the Class defined below for purposes of reaching a settlement of the Action with Luckin. There is no judgment, settlement, or monetary recovery at this time and you are not being asked to submit a claim.
The Class consists of:
All persons and entities (and their beneficiaries) that purchased or otherwise acquired Luckin American Depositary Shares (“ADSs”) between May 17, 2019 through July 15, 2020, inclusive, except for certain persons and entities who are excluded from the Class by definition (see paragraph 2 of the Notice) or any persons or entities that request exclusion from the Class following the procedures set forth in the Notice (see paragraphs 24-27 of the Notice).
The Class has been provisionally certified for the purpose of effectuating a potential settlement with Luckin in this Action and pursuant to the relevant legislation under Cayman Islands law, including but not limited to presenting a Scheme of Arrangement under section 86 of the Companies Act (2021 Revision) (referred to herein as a “Settlement”).
If you are a Class Member, your rights, including your rights with respect to participation and voting in a Scheme of Arrangement, may be affected by the Action. The Notice advises you of your options regarding the class action and the Scheme of Arrangement.
Please Note: This Action is currently ongoing. No court has made a ruling on the merits of the allegations asserted against Luckin or the other Defendants in the Action. There is no judgment, settlement, or monetary recovery at this time, and there this no guarantee there will be any recovery.