Leading law firm ROSEN encourages Li Auto investors to consult securities class action investigation “LI By Investing.com”

New York, April 26, 2024 (GLOBE NEWSWIRE) —

Why: Global investor rights law firm Rosen Law Firm continues to investigate potential securities claims on behalf of shareholders ideal car company . (NASDAQ: NASDAQ: ) arose out of allegations that Li Auto may have released materially misleading business information to the investing public.

so what: If you purchased Li Auto securities you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing to file a class action lawsuit seeking to recover investor losses.

What to do next: To join the anticipated class action, please visit https://rosenlegal.com/submit-form/?case_id=11199 or call Mr. Phillip Kim. For information about the class action lawsuit, call toll-free 866-767-3653 or email case@rosenlegal.com.

What is it about: Before the market opens on March 21, 2024, Li Auto issued a press release announcing: [d]Due to lower-than-expected order volumes, the company now expects vehicle deliveries in the first quarter of 2024 to be between 76,000 and 78,000 vehicles, a revision from its previous forecast of between 100,000 and 103,000 vehicles. In addition, the company said the operating strategy of its so-called high-tech flagship family utility vehicle Li MEGA was unreasonable.

Affected by this news, Li Auto's American depositary shares (ADS) closed at US$33.15 per ADS on March 21, 2024, a decrease of 7.5%, or US$2.55.

Why Choose Rosen Method: Investors are encouraged to select qualified counsel with a track record of success in leadership roles. Often, companies issuing notices do not have similar experience, resources, or any meaningful peer recognition. Many of these companies do not actually file securities class action lawsuits. Choose your advisor wisely. Rosen Law Firm represents investors worldwide and focuses its practice on securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese company. Rosen Law Firm ranks No. 1 in ISS Securities Class Action Services' 2017 rankings for number of securities class action settlements. In 2019 alone, the company raised more than $438 million from investors. In 2020, founding partner Laurence Rosen was named a “Plaintiffs Bar Titan” by law360. Many of our lawyers have been recognized by Lawdragon and Super Lawyers.

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Contact information:

Mr. Lawrence Rosen
Mr Philip King
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827

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