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Lufax faces class action lawsuit over alleged securities law violations and misstated financial results.
A class action lawsuit has been filed against Lufax Holding Ltd. (LU), alleging the company and its executives violated federal securities laws by making false or misleading statements and failing to disclose material information.
The lawsuit claims Lufax lacked adequate internal controls and its financial results were misstated.
This came to light after Lufax disclosed on January 27, 2025, that its board proposed removing its auditors due to concerns about financial disclosures, causing its stock to fall 13.8%.
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Lufax enfrenta una demanda colectiva por presuntas violaciones de la ley de valores y resultados financieros incorrectos.