LI investors have the option to file a lawsuit against Li Auto Inc. regarding securities fraud

LOS ANGELES, June 11, 2024 /PRNewswire/ — Schall Law Firm, a national shareholder rights litigation firm, reminds investors of its class action lawsuit against Li Auto Inc. (“Li Auto” or the “Company”) (NASDAQ: LI) for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 announced on its basis by the US Securities and Exchange Commission.

Investors who purchased the Company’s securities on time February 26, 2024 AND March 20, 2024inclusive (“Class Period”), we encourage you to contact the Company in advance July 9, 2024.

If you are a shareholder who has suffered a loss, click here to participate.

We also encourage you to contact us Brian Schall 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 contact us through the firm’s website at www.schallfirm.com or by email at (email protected).

In this case, the class has not yet been certified and you are not represented by an attorney until you are certified. If you choose to take no action, you may remain an absent member of the class.

The complaint alleges that the Company made false and misleading statements to the market. Li Auto exaggerated the demand for its cars and its strategy with the launch of the Li MEGA, its first battery-powered electric model. It is unlikely that the Company will achieve its delivery target for the first quarter of 2024. Based on these facts, the Company’s public statements were false and materially misleading throughout the audit period. When the market learned the truth about Li Auto, investors suffered losses.

Join the cause and recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class actions and shareholder rights disputes.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

CONTACT:

Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
(email protected)

SOURCE Schall Law Firm