LOS ANGELES, July 4, 2024 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Li Auto Inc. (“Li Auto” or “the Company”) (NASDAQ: LI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of LI during the class period listed are encouraged to contact the firm prior to the lead plaintiff deadline. Appointment as lead plaintiff is not required to partake in any recovery, but may provide investors with more control over the case.
CLASS PERIOD: February 26, 2024 to March 20, 2024
DEADLINE: July 9, 2024
CASE DETAILS: The complaint focuses on whether the Company made false and misleading statements to the market. Li Auto allegedly overstated the demand for its cars and its strategy in launching the Li MEGA, its first battery electric model. The Company was unlikely to meet its Q1 2024 deliveries target. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Li Auto, investors suffered damages.
NEXT STEPS: Investors are encouraged to contact David Schwartz, the managing partner of DJS Law Group, at [email protected]
WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]
SOURCE DJS Law Group LLP
