Levi & Korsinsky, LLP announces that a RLX class action lawsuit has been filed on behalf of investors who purchased RLX Technology Inc. (RLX) :(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. For more on the RLX Lawsuit please contact us today.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: 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.
If you suffered a loss in 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.