Prnewswire·2024-06-25 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Li Auto Inc. regarding a class action lawsuit due to allegations of misleading statements and overstatements related to vehicle demand and operational strategy [1][2]. Group 1: Allegations - The complaint alleges that Li Auto overstated the demand for its vehicles and the effectiveness of its strategy in launching the Li MEGA battery electric minivan [1]. - It is claimed that the company is unlikely to meet its Q1 2024 vehicle delivery estimates due to these misrepresentations [1]. - The revelations are expected to have a significant negative impact on the company's financial condition, indicating that public statements made by the company were materially false and misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 26, 2024, to May 20, 2024 [1]. - Shareholders are encouraged to register for the class action by July 9, 2024, to potentially be appointed as lead plaintiffs [2]. - There is no cost or obligation for shareholders to participate in the case, and they will receive updates through a portfolio monitoring software [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].