Levi & Korsinsky Announces Filing of Securities Class Action on Behalf of Shareholders of Li Auto Inc. (LI)

NEW YORK, July 8, 2024 /PRNewswire/ — Levi & Korsinsky, LLP informs investors of Li Auto Inc. (“Li Auto Inc.” or the “Company”) (NASDAQ: LI) from a securities class action lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Li Auto Inc. investors who were negatively affected by alleged securities fraud between February 26, 2024 And May 20, 2024. Follow the link below for more information and to be contacted by a member of our team:

Li Auto Inc. Lawsuit Submission Form

LI Investors can also contact Joseph E. Levi, Esq. by email to (protected email) or by phone at (212) 363-7500.

CASE DETAILS: The complaint filed alleged that the defendants made false statements and/or concealed that: (i) Li Auto overestimated demand for its vehicles and the effectiveness of its operating strategy when it launched its battery-electric minivan, Li MEGA; (ii) as a result, the Company was unlikely to meet its estimate of vehicle deliveries in the first quarter of 2024; (iii) the foregoing, if disclosed, was likely to have a material adverse impact on the Company’s financial condition; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

AND AFTER? If you suffered a loss at Li Auto Inc. during the relevant period, you have up to July 9, 2024 to ask the court to appoint you as lead plaintiff. Your ability to share in any recovery does not require that you serve as lead plaintiff.

AT NO CHARGE TO YOU: If you are a member of a class, you may be entitled to compensation without having to pay any costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has obtained hundreds of millions of dollars for injured shareholders and has built a strong reputation for winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of more than 70 dedicated to serving our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 Report as one of the top securities litigation firms in the United States. United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Master Ed Korsinsky
33 Whitehall Street, 17th Floor
New York, New York State 10004
(protected email)
Tel.: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP