Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired RLX Technology Inc. (NYSE: RLX) securities.
If you suffered a loss on your RLX Technology investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: :(1) RLX American Depositary Shares (“ADS”) pursuant or traceable to documents issued in connection with RLX’s January 2021 initial public stock offering; and (2) RLX ADS between January 22, 2021 and June 2, 2021, inclusive
CASE DETAILS:
the Company’s then-existing exposure to China’s ongoing campaign to establish a national standard for e-cigarettes, which would bring them into line with ordinary cigarette regulations, and that RLX’s reported financials were not nearly as robust as the offering materials projected, nor were they indicative of future results. As a result, investors purchased RLX shares at artificially inflated prices.
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