LI Investors Have Opportunity to Lead Li Auto Inc. Securities Fraud Lawsuit with the Schall Law Firm

Business Wire 8-Jul-2024 10:20 AM

The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Li Auto Inc. ("Li Auto" or "the Company") (NASDAQ:LI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 26, 2024 and March 20, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before July 9, 2024.

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

We also encourage you to contact Brian Schall of the 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 reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Li Auto overstated the demand for its cars and its strategy in launching the Li MEGA, its first battery electric model. The Company was unlikely to meet its Q1 2024 deliveries target. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Li Auto, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

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