The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased: (1) RLX American Depositary Shares (“ADS”) pursuant or traceable to documents issued in connection with RLX’s January 2021 initial public stock offering; and (2) RLX ADS between January 22, 2021 and June 2, 2021, inclusive.
According to the RLX Technology lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
the Company’s then-existing exposure to China’s ongoing campaign to establish a national standard for e-cigarettes, which would bring them into line with ordinary cigarette regulations, and that RLX’s reported financials were not nearly as robust as the offering materials projected, nor were they indicative of future results. As a result, investors purchased RLX shares at artificially inflated prices.
If you suffered a loss in RLX Technology you have until August 9, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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