LI AUTO(LI) Prnewswire·2024-07-02 16:00Core Viewpoint - A class action lawsuit has been filed against Li Auto Inc. for alleged violations of securities laws, specifically related to misleading statements about demand for its vehicles and its delivery targets for Q1 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit is based on claims that Li Auto overstated demand for its cars and misrepresented its strategy for launching the Li MEGA, its first battery electric model [2]. - The class period for the lawsuit is defined as between February 26, 2024, and March 20, 2024, during which investors are encouraged to participate if they suffered losses [1][2]. - The Schall Law Firm is representing investors and specializes in securities class action lawsuits [2]. Group 2: Investor Impact - Investors who purchased Li Auto securities during the class period may have experienced damages when the truth about the company's performance and statements was revealed [2]. - The lawsuit has not yet been certified, meaning that potential class members are not yet represented by an attorney unless they take action [2].