Class action law firms Kessler Topaz Meltzer & Check and Bernstein Litowitz Berger & Grossmann stand to receive up to one-quarter of a proposed $175 million settlement in a lawsuit against what was once China’s fastest-growing competitor to Starbucks.

Attorneys said in a court filing that the settlement, which won preliminary approval on Tuesday, was an “excellent result” for a class of investors who accused Luckin Coffee Inc. of fabricating revenue in order to boost its share price.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]