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

NEW YORK, July 9, 2024 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in Li Auto Inc. (“Li Auto Inc.” or the “Company”) (NASDAQ: LI) in a securities class action lawsuit.

CLASS DEFINITION: The aim of the lawsuit is to recover losses on behalf of the investors of Li Auto Inc. caused by allegedly 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 Joseph E. Levi, Esq. per email to (email protected) or by phone at (212) 363-7500.

CASE DETAILS: The complaint filed claims that Defendants misrepresented and/or failed to disclose that: (i) Li Auto overstated the demand for its vehicles and the effectiveness of its operating strategy in launching its Li MEGA battery-electric minivan; (ii) accordingly, the Company was unlikely to meet its estimate for vehicle deliveries in the first quarter of 2024; (iii) the foregoing circumstances, if brought to light, would likely have a material adverse effect 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.

WHAT’S NEXT? If you have suffered a loss with Li Auto Inc. during the relevant period, you have until July 9, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any compensation is not dependent on your serving as lead plaintiff.

NO COST TO YOU: If you are a member of a class action lawsuit, you may be entitled to compensation without incurring any out-of-pocket costs or fees. Participation is free of charge and involves no obligations.

WHY LEVI & KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has recovered hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities litigation and a team of over 70 people dedicated to serving our clients. For seven consecutive years, Levi & Korsinsky has been recognized as one of the leading securities litigation firms in the ISS Securities Class Action Services Top 50 Report. The United States.

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

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