LOS ANGELES, June 11, 2021 (GLOBE NEWSWIRE) – The Portnoy law firm informs investors that a class action lawsuit has been filed on behalf of investors in RLX Technology, Inc. (NYSE: RLX) who acquired shares as part of its initial public offering of January 2021. Investors have until the 9th August 2021 to seek an active role in this litigation.
Investors are encouraged to contact a lawyer Lesley F. Portnoy, to determine eligibility to participate in this action, by phone at 310-692-8883 or E-mail, or Click here join the case.
RLX and some of its officers are accused of failing to disclose material information in their listing statement and prospectus that violates federal securities laws.
Alleged misleading and false statements and omissions include, but are not limited to, that: (i) RLX knew, or had information available to predict that China was moving forward in establishing a national standard for electronic cigarettes, which may affect the performance of the RLX; (ii) RLX’s financial data was not as strong as expected in the offering documents, nor was it indicative of future results; and (iii) RLX’s statements were materially false and misleading at all material times, because of the foregoing.
A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court no later than August 9, 2021.
Please visit our website to view more information and submit your transaction information.
The Portnoy law firm represents investors in the pursuit of claims arising from corporate wrongdoing. The company’s founding partner has recovered more than $ 5.5 billion for aggrieved investors. Lawyer advertising. Past results do not guarantee similar results.
Lesley F. Portnoy, Esq.
CA and NY bar admitted