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ROSEN, NATIONAL TRIAL LAWYERS, Encourages Li Auto Inc. Investors to Secure Counsel Before Important July 9 Deadline in Securities Class Action with an Expanded Class Period – LI
LILI AUTO(LI) GlobeNewswire News Room·2024-07-01 18:19

Group 1 - The Rosen Law Firm is reminding investors who purchased Li Auto Inc. securities between February 26, 2024, and May 20, 2024, of the July 9, 2024, lead plaintiff deadline for a class action lawsuit [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed against Li Auto, and interested parties can join by contacting the firm [1][3] Group 2 - The lawsuit alleges that Li Auto made false and misleading statements regarding the demand for its vehicles and the effectiveness of its operating strategy, particularly concerning the launch of the Li MEGA [3] - It is claimed that Li Auto is unlikely to meet its Q1 2024 vehicle delivery estimates, which could negatively impact its financial condition [3] - The lawsuit asserts that the misleading public statements made by Li Auto were materially false and that investors suffered damages when the truth was revealed [3] Group 3 - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [2] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company, and has consistently ranked highly in securities class action settlements [2] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [2]