LI AUTO INVESTIGATION ALERT: Robbins Geller Rudman & Dowd LLP Announces Investigation into Li Auto Inc. and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm
SAN DIEGO--(BUSINESS WIRE)--Jan 12, 2023--
Robbins Geller Rudman & Dowd LLP announces an investigation into potential violations of U.S. federal securities laws by Li Auto Inc. (NASDAQ: LI) focused on whether Li Auto and certain of its top executive officers made false and misleading statements and/or failed to disclose material information to investors.
If you have information that could assist in this investigation or if you are a Li Auto investor who suffered a loss and would like to learn more, you can provide your information here:
You can also contact attorneyJ.C. Sanchezof Robbins Geller by calling 800/449-4900 or via e-mail at firstname.lastname@example.org.
THE COMPANY: Li Auto designs, develops, manufactures, and sells premium smart electric vehicles. Li Auto began volume production in 2019.
THE REVELATION: On December 9, 2022, Li Auto announced an $0.18 Earnings Per American Depository Share (or “EPADS”) loss for the third quarter of 2022, double the loss anticipated. Li Auto also missed revenue expectations by $60 million and posted a gross margin of 12.7%, compared to a gross margin of 23.3% in the third quarter of 2021. Li Auto further revealed that its president and director had resigned. On this news, the price of Li Auto American Depositary Shares (or “ADSs”) declined by more than 12%.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors in 2021 – more than triple the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
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View source version on businesswire.com:https://www.businesswire.com/news/home/20230112005876/en/
CONTACT: Robbins Geller Rudman & Dowd LLP
655 W. Broadway, Suite 1900, San Diego, CA 92101
J.C. Sanchez, 800-449-4900
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Robbins Geller Rudman & Dowd LLP
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PUB: 01/12/2023 08:30 PM/DISC: 01/12/2023 08:31 PM