prnewswire.com·2024-05-23 09:45Core Viewpoint - A class action securities lawsuit has been filed against Li Auto Inc. alleging securities fraud related to overstated vehicle demand and operational strategy [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Li Auto overstated demand for its vehicles and the effectiveness of its strategy for launching the Li MEGA battery electric minivan [2]. - It is alleged that the company is unlikely to meet its Q1 2024 vehicle delivery estimates, which could negatively impact its financial condition [2]. - The public statements made by the company are claimed to be materially false and misleading during the relevant time frame [2]. Group 2: Investor Information - Investors who suffered losses during the specified period (February 26, 2024, to March 20, 2024) have until July 9, 2024, to request appointment as lead plaintiff [2]. - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees [3]. Group 3: Legal Representation - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions for shareholders over the past 20 years [3]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [3].