Workflow
Li Auto Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before July 9, 2024 to Discuss Your Rights – LI
LILI AUTO(LI) GlobeNewswire News Room·2024-07-01 16:28

Core 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 of vehicle demand during a specific period [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from February 26, 2024, to May 20, 2024 [2]. - The complaint claims that Li Auto overstated the demand for its vehicles and the effectiveness of its operating strategy for the Li MEGA battery electric minivan [2]. - It is alleged that the company was unlikely to meet its Q1 2024 vehicle delivery estimates, which could negatively impact its financial condition [2]. Group 2: Shareholder Actions and Deadlines - Shareholders are encouraged to register for the class action by July 9, 2024, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [4]. - The firm emphasizes the importance of responsible business practices and corporate citizenship [4].