Kessler Topaz Meltzer & Check, LLP Reminds RLX Investors for Securities Fraud Class Action Lawsuit

RADNOR, Pa., June 18, 2021 / PRNewswire / – Law firm Kessler Topaz Meltzer & Check, LLP announces that a class action lawsuit has been filed for securities fraud The United States District Court for the southern district of new York against RLX Technology Inc. (NYSE: RLX) (“RLX”) on behalf of those who have purchased or acquired RLX American Depository Shares (“ADSs”) pursuant to or traceable to RLX January 2021 Initial Public Offering (the “IPO”).

Deadline of the main plaintiff: August 9, 2021

Website: https://www.ktmc.com/rlx-technology-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=rlx_technology

Contact: James Maro, Esq. (484) 270-1453
Adrienne Bell, Esq. (484) 270-1435
Toll Free (844) 887-9500

RLX claims the “No. 1 branded e-steam company to be in China“which it also claims is its” largest potential market ” January 22, 2021the defendants award the IPO $ 12 via ADS and has submitted the final prospectus for the IPO, which is part of the registration form.

On June 2, 2021 RLX released its financial results for the first quarter of 2021 and announced a growth in net sales of only 48% from the previous quarter. Following the news, RLX shares declined to close on June 4, 2021 at the $ 9.90 per ADS, almost 9% less than his June 3, 2021 near $ 10.87 per ADS. Before the litigation began, RLX’s shares were as low as $ 7.89 per ADS or more than 32% below the IPO price.

RLX investors can do so no later than August 9, 2021, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. To be appointed as a lead plaintiff, the court must determine that the class plaintiff’s claim is typical of the claims of other class plaintiffs and that the class plaintiff is adequately representing the class action. Your ability to participate in a recovery will not be affected by whether or not you will be the lead plaintiff.

Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country involving securities fraud, fiduciary violations, and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, recovering billions of dollars on behalf of institutional and private investors The United States and all over the world. The firm represents investors, consumers and whistleblowers (individuals who report fraudulent practices to the government and participate in recovery of government dollars). The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 König-von-Preußen-Strasse
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

SOURCE Kessler Topas Meltzer & Check, LLP

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