LI - Lead Plaintiff Deadline Approaching in LI: Kessler Topaz Meltzer & Check LLP Reminds Investors A Securities Fraud Class Action Has Been Filed Against Li Auto Inc. | Benzinga
RADNOR, Pa., June 25, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed in the United States District Court for the Eastern District of New York against Li Auto Inc. ("Li Auto") (NASDAQ:LI) on behalf of investors who purchased or acquired Li Auto Inc. securities between February 26, 2024 through May 20, 2024 inclusive (the "Class Period"). The actions charge Li Auto with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Li Auto's materially misleading statements and omissions to the public, Li Auto's investors have suffered significant losses.
The lead plaintiff deadline is July 9, 2024. If you suffered losses from your Li Auto investment, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/li-auto-inc?utm_source=PR&utm_medium=link&utm_campaign=li&mktm=r
You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at info@ktmc.com.
DEFENDANTS' ALLEGED MISCONDUCT
On March 21, 2024, Li Auto issued a press release disclosing that, "[d]ue to lower-than-expected order intake, the Company now expects its vehicle deliveries for the first quarter of 2024 to be between 76,000 and 78,000 vehicles, revised from the previous vehicle delivery outlook of between 100,000 and 103,000 vehicles." Additionally, Li Auto stated that the "Li MEGA," the company's newly launched first battery ...