RLX Technology 48 Hour Deadline Alert: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against RLX Technology Inc.
New Orleans, Louisiana – (Newsfile Corp. – Aug. 7, 2021) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., are reminding investors they only have until August 9, 2021 to file lead plaintiffs in a securities class action against RLX Technology Inc. (NYSE: RLX) if they acquired the company’s American Depository Shares (“ADS”) between January 22, 2021 and June issued 2, 2021, inclusive (the “Class Period”) and / or in connection with the January 2021 initial public offering (the “IPO”). This lawsuit 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 email (email@example.com) or visit https://www.ksfcounsel.com/cases/nyse-rlx/ to learn more. If you want to stand as the lead plaintiff in this class action lawsuit by overseeing the lead attorney for 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 accused of 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: (i) the company knew or had information that was foreseeable that China was making progress in adopting 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 story goes on
The case is Garnett v RLX Technology Inc., et al., 21-cv-5125.
About Kahn Swick & Foti, LLC
KSF, partnered with former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading boutique securities litigation firms in the country. KSF assists a wide range of clients – including public institutional investors, hedge funds, asset managers and private investors – in seeking recovery of investment losses resulting from corporate fraud or misconduct by listed companies. KSF has offices in New York, California and Louisiana.
To learn more about KSF, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, managing partner
Poydras St. 1100, Suite 3200
New Orleans, LA 70163
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92321