RLX Technology, Inc. (RLX)
Class Action & Lead Plaintiff Deadline: August 9, 2021
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against RLX Technology, Inc. ("RLX" or "the Company") (NYSE: RLX) and certain of its directors, officers, and underwriters on behalf of shareholders who purchased or otherwise acquired RLX American Depository Shares ("ADS") pursuant or traceable to RLX's January 2021 initial public stock offering (the "IPO" or the "Offering").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that the Registration Statement used to effectuate the Company's IPO misstated and/or omitted facts concerning its then-existing exposure to China's ongoing campaign to establish a national standard for e-cigarettes, which would bring them into line with ordinary cigarette regulations, and that RLX's reported financials were not nearly as robust as the offering materials projected, nor were they indicative of future results. The complaint alleges that as a result, investors purchased RLX shares at artificially inflated prices.
A class action lawsuit has already been filed. You can review a copy of the Complaint and sign the certification or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in RLX you have until August 9, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.