Li Auto Inc. Class Action Lawsuit - LI

Company
Li Auto Inc. (NASDAQ: LI)
Lead Plaintiff Deadline
July 9, 2024 (Expired)
Class Period
February 26, 2024 - May 20, 2024

Expired

Lead Plaintiff Deadline

Jul 9, 2024

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Allegations

The filed complaint alleges that Li Auto Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Li Auto had overstated the demand for its vehicles and the efficacy of its operating strategy in launching its battery electric minivan, Li MEGA; (ii) accordingly, the Company was unlikely to meet its Q1 2024 vehicle deliveries estimate; (iii) the foregoing, once revealed, was likely to have a material negative impact on the Company’s financial condition; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the LI class action lawsuit, you must have incurred a loss on shares of Li Auto Inc. purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Li Auto Inc. during the relevant time frame or pursuant to the relevant offering(s), you have until July 9, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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