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LK - Luckin Coffee Director Resigns 2 Months After Appointment to Audit Committee
Luckin Coffee
Scandal-scarred Chinese coffee shop Luckin Coffee(NASDAQ: LK) announced today the independent director it appointed at the end of March and assigned to the company's audit committee has resigned, effective immediately.
The coffee shop, which had seemingly been on a massive growth trajectory, has since been accused of inflating its sales numbers in a major accounting scandal, reportedly faking as much as two-thirds of all sales it made.