NEW ORLEANS, August 8, 2021 / PRNewswire / – Kahn Swick & Foti, LLC (“KSF”) and KSF Affiliate, former Attorney General of Louisiana, Charles C. Foti, Jr., Remind investors that they are only up August 9, 2021 Lead plaintiffs in a securities class action lawsuit against RLX Technology Inc. (NYSE: RLX) if they have the company’s American Depository Shares (“ADS”) between January 22, 2021 and June 2, 2021, including (the “Class Period”) and / or in connection with its January 2021 Initial Public Offering (the “IPO”). This action is pending in The United States District Court for the southern district of new York.
What you can do
If you have acquired ADS from RLX and would like to discuss your legal rights and how this case could affect you and your right to reimbursement of your economic loss, you can contact Lewis Kahn, Managing Partner of KSF, free of charge and without obligation under 1 -877-515-1850 or by email (email@example.com), or visit https://www.ksfcounsel.com/cases/nyse-rlx/ to learn more. If you wish to serve as the lead plaintiff in this class action lawsuit by overseeing the lead attorney with the aim of reaching a fair and equitable solution, you must apply to the court for that position by August 9, 2021.
About the lawsuit
RLX and some of its executives are charged with failing to disclose material information during the class action period and / or in its IPO registration statement and prospectus in violation of federal securities laws.
Allegedly false and misleading statements and omissions include, but are not limited to, the following: (i) Company knew or had information that could be foreseen that; China Promote the introduction of a national e-cigarette standard that is likely to affect the company’s performance; (ii) the company’s financial results were not as strong as projected in the offer documents, nor were they indicative of future results; and (iii) as a result of the foregoing, at all relevant times, the statements made by RLX have been materially false and misleading.
The case is Garnett v RLX Technology Inc., et al, 21-cv-5125.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading boutique securities litigation law firms in the country. KSF assists a wide range of clients – including public institutional investors, hedge funds, asset managers and private investors – in finding reclaims for investment losses resulting from corporate fraud or misconduct by listed companies. KSF has branches in new York, California and Louisiana.
To learn more about KSF, please visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Khan, Executive Partner
Poydras St. 1100, Suite 3200
New Orleans, LA 70163
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