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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 9, 2021 to file lead plaintiff applications in a securities class action lawsuit against RLX Technology Inc. (NYSE: RLX), if they purchased the Company’s American Depository Shares (“ADS”) issued in connection with its January 2021 initial public stock offering (the “IPO”).
RLX and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company knew, or had information making it foreseeable to know, that China was moving forward on establishing a national standard for e-cigarettes that was likely to affect the Company’s performance; (ii) the Company’s financials were not as strong as the offering materials projected, nor were they indicative of future results; and (iii) as a result of the foregoing, RLX’s statements were materially false and misleading at all relevant times.
If you purchased ADS of RLX and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Garnett v. RLX Technology Inc., et al, 21-cv-5125.
Click here to read the case complaint.