The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of RLX Technology Inc. (NYSE: RLX) 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. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
In particular, the RLX Technology lawsuit alleges defendants made false and/or misleading statements and/or failed to disclose 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.
Shareholders have until August 9, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
To learn more and keep informed, complete this form >