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Oct 26, 2021 · NEW YORK, Oct 26 (Reuters) - Luckin Coffee Inc (LC0Ay.MU), reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its...
Dec 17, 2020 · Published Wed, Dec 16 202011:59 PM EST. Key Points. Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges for “intentionally and materially” overstating...
Jan 19, 2022 · Once touted as the biggest challenger to Starbucks’ dominance in China, Luckin was delisted from the Nasdaq exchange in June 2020 and six months later agreed to pay $180m to settle accounting...
Dec 16, 2020 · (Reuters) - Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a...
Dec 16, 2020 · U.S. securities regulators on Wednesday charged Luckin Coffee Inc. with accounting fraud, alleging that the company, a major Starbucks Corp. competitor in China, fabricated sales and...
Dec 16, 2020 · US regulators have hit Luckin Coffee with a $180m penalty after finding that the scandal-plagued Chinese chain altered bank records and set up a fake database as part of an effort to fabricate...
Dec 17, 2020 · By ELAINE KURTENBACH. Published 8:46 PM PDT, December 16, 2020. China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says.
