Pomerantz Law Firm Announces Class Action Lawsuit Against Lufax Holding Ltd. (LU)
Pomerantz LLP has filed a class action lawsuit against Lufax Holding Ltd. (NYSE: LU) over alleged securities fraud and misleading financial disclosures. The lawsuit follows Lufax's announcement in January 2025 to remove its auditor, PwC, due to concerns over its 2022 and 2023 financial reports, which led to a nearly 22% drop in its stock price. Investors who purchased Lufax securities during the class period are advised to contact the firm by May 20, 2026, to seek a lead plaintiff role.
Tickers: $LU
Topics: auditor removal class action securities fraud stock price drop