Class Action Reports

RLX Class Action: Learn About the RLX Lawsuit

Levi & Korsinsky, LLP

June 17, 2021

Levi & Korsinsky, LLP announces that an RLX class action lawsuit has been filed on behalf of investors who purchased RLX American Depository Shares pursuant or traceable to the documents issued in connection with RLX’s January 2021 initial public stock offering. For more on the RLX Lawsuit please contact us today.

 

According to the RLX lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: According to the filed complaint: 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.

 

TO LEARN MORE ABOUT THE RLX CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in RLX you have until August 9, 2021, 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.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com