SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against RLX Technology Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles, California--(Newsfile Corp. - July 26, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against RLX Technology Inc. ("RLX" or "the Company") (NYSE: RLX) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's January 22, 2021 initial public offering (the "IPO"), are encouraged to contact the firm before August 9, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. RLX misstated and omitted facts in its offering documents related to its exposure to the Chinese government's campaign to create a national standard for e-cigarettes that would bring them in line with traditional tobacco products such as cigarettes. The Company's financials were not as strong as the offering documents projected and were not indicative of future performance. Based on these facts, the offering documents were false and materially misleading. When the market learned the truth about RLX, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91217.