{"id":503082,"date":"2021-06-11T09:54:53","date_gmt":"2021-06-11T13:54:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/"},"modified":"2021-06-11T09:54:53","modified_gmt":"2021-06-11T13:54:53","slug":"rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/","title":{"rendered":"RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc."},"content":{"rendered":"
\n

NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the American Depository Shares (\u201cADS\u201d) of RLX Technology Inc. (“RLX” or the “Company”) (NYSE: RLX) from January 19, 2021 through June 9, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Act of 1933.<\/p>\n

If you\u00a0purchased RLX securities, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit\u00a0RLX Shareholder Class Action Lawsuit<\/a>\u00a0or contact\u00a0Joseph R. Seidman, Jr.<\/a>\u00a0toll free at\u00a0(877) 779-1414<\/strong>\u00a0or\u00a0Seidman@bernlieb.com<\/a><\/p>\n

The complaint alleges that the Company\u2019s registration statement contained untrue statements of material fact and omitted to state material facts both required by governing regulations and necessary to make the statements not misleading. Among other things, the registration statement misrepresented and omitted that RLX knew (or had information making if foreseeable to know), at the time of the Initial Public Offering (\u201cIPO\u201d), that China was working on a national standard for e-cigarettes that would bring them into line with regular cigarette regulations. The complaint also alleges that RLX knew that its reported financials were not nearly as rosy as the registration statement made it seem, nor indicative of future results. By omitting these facts, ADS purchasers were unable to adequately assess the value of the shares offered in connection with the IPO, and thus purchased their ADS without material information and to their detriment.<\/p>\n

When draft regulations were posted by China\u2019s Ministry of Industry and Information Technology on March 22, 2021, the price of RLX\u2019s shares suffered an enormous decline, closing at $10.15 per ADS, down nearly 48% from its previous close of $19.46 per ADS.<\/p>\n

Then, when the Company posted its first quarter 2021 financial results on June 2, 2021, RLX\u2019s shares declined again, closing on June 4, 2021 at $9.90 per ADS, down nearly 9% from its June 3, 2021 close of $10.87 per ADS.<\/p>\n

If you wish to serve as lead plaintiff, you must move the Court no later than August 9, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn\u2019t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.<\/p>\n

If you\u00a0purchased RLX securities, and\/or would like to discuss your legal rights and options<\/strong>\u00a0please visit https:\/\/www.bernlieb.com\/cases\/rlxtechnologyinc-rlx-shareholder-class-action-lawsuit-fraud-stock-405\/apply\/<\/a> or contact\u00a0Joseph R. Seidman, Jr.<\/a>\u00a0toll free at\u00a0(877) 779-1414<\/strong>\u00a0or\u00a0Seidman@bernlieb.com<\/a><\/p>\n

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal\u2019s \u201cPlaintiffs\u2019 Hot List\u201d thirteen times and listed in The Legal 500 for ten consecutive years.<\/p>\n

ATTORNEY ADVERTISING. \u00a9 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.<\/p>\n

Contact Information<\/p>\n

Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
https:\/\/www.bernlieb.com
(877) 779-1414
Seidman@bernlieb.com<\/p>\n

\n
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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the American Depository Shares (\u201cADS\u201d) of RLX Technology Inc. (“RLX” or the “Company”) (NYSE: RLX) from January 19, 2021 through June 9, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Act of 1933. If you\u00a0purchased RLX securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0RLX Shareholder Class Action Lawsuit\u00a0or contact\u00a0Joseph R. Seidman, Jr.\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0Seidman@bernlieb.com The complaint alleges that the Company\u2019s registration statement contained … <\/p>\n

Continue reading “RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-503082","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the American Depository Shares (\u201cADS\u201d) of RLX Technology Inc. (“RLX” or the “Company”) (NYSE: RLX) from January 19, 2021 through June 9, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Act of 1933. If you\u00a0purchased RLX securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0RLX Shareholder Class Action Lawsuit\u00a0or contact\u00a0Joseph R. Seidman, Jr.\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0Seidman@bernlieb.com The complaint alleges that the Company\u2019s registration statement contained … Continue reading "RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-11T13:54:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1Mjk5OSM0MjM4OTYyIzIwMjkzNDk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc.\",\"datePublished\":\"2021-06-11T13:54:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\\\/\"},\"wordCount\":609,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI1Mjk5OSM0MjM4OTYyIzIwMjkzNDk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\\\/\",\"name\":\"RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc. - 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(“RLX” or the “Company”) (NYSE: RLX) from January 19, 2021 through June 9, 2021 (the \u201cClass Period\u201d). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Act of 1933. If you\u00a0purchased RLX securities, and\/or would like to discuss your legal rights and options\u00a0please visit\u00a0RLX Shareholder Class Action Lawsuit\u00a0or contact\u00a0Joseph R. Seidman, Jr.\u00a0toll free at\u00a0(877) 779-1414\u00a0or\u00a0Seidman@bernlieb.com The complaint alleges that the Company\u2019s registration statement contained … Continue reading \"RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-11T13:54:53+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1Mjk5OSM0MjM4OTYyIzIwMjkzNDk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc.","datePublished":"2021-06-11T13:54:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/"},"wordCount":609,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI1Mjk5OSM0MjM4OTYyIzIwMjkzNDk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rlx-investor-alert-bernstein-liebhard-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-against-rlx-technology-inc\/","name":"RLX INVESTOR ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against RLX Technology Inc. - 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