LI Deadline: LI Investors With Losses in Excess of $100K Have Opportunity to Lead Li Auto Inc. Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Li Auto Inc. securities between February 26, 2024, and May 20, 2024, of the upcoming lead plaintiff deadline on July 9, 2024, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1 - The lawsuit alleges that Li Auto overstated vehicle demand and the effectiveness of its operating strategy for the Li MEGA, its first battery electric vehicle model [2]. - It is claimed that Li Auto is unlikely to meet its Q1 2024 vehicle delivery estimates, which could negatively impact its financial condition [2]. - The lawsuit asserts that Li Auto's public statements were materially false and misleading throughout the class period, leading to investor damages when the truth was revealed [2]. Group 2 - Investors can join the class action without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the court to serve as lead plaintiff by July 9, 2024 [1][2]. - Until a class is certified, investors are not represented by counsel unless they retain one, and they may choose to remain absent from the class [3].