TMX Newsfile·2026-03-22 13:16Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Lufax Holding Ltd securities for the period between April 7, 2023, and January 26, 2025, due to alleged misleading statements and inadequate internal controls [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Lufax made false and/or misleading statements and failed to disclose that it lacked adequate internal controls and that certain financial results were materially misstated [5]. - Investors are entitled to compensation without any out-of-pocket fees through a contingency fee arrangement if they purchased Lufax securities during the Class Period [2]. - A lead plaintiff must move the Court by May 20, 2026, to represent other class members in the litigation [1][3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Many attorneys at Rosen Law Firm have received recognition from Lawdragon and Super Lawyers, highlighting the firm's expertise in this area [4].