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The filed complaint alleges that RLX Technology Inc. made materially false and/or misleading statements and/or failed to disclose that: Citi downgraded RLX stock to Neutral from Buy on March 17, 2025, citing overseas headwinds from regulatory changes and an unfavorable product mix shift, and predicting that organic growth of RLX's overseas business will decelerate in 2025. Following this news, RLX's American Depositary Receipt ("ADR") price fell over 13% on the same day.
In order to be eligible to join the RLX class action lawsuit, you must have incurred a loss on shares of RLX Technology Inc. purchased during the class period listed above.
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