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Rosen Law Firm Spearheads Legal Battle for Li Auto Investors Over Alleged Misinformation

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Benjamin Hughes

April 5, 2024 - 01:15 am

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Rosen Law Firm Vigorously Pursues Justice for Li Auto Investors Amidst Allegations of Misleading Business Information

NEW YORK, April 4, 2024 /PRNewswire/ -- The Rosen Law Firm, an esteemed global investor rights practice, is actively pursuing potential claims on behalf of Li Auto Inc. shareholders (NASDAQ: LI). These actions follow revelations that Li Auto Inc. may have disseminated business information that could be significantly misleading to the investment community.

Investor Alert: Rosen Law Firm Investigating Li Auto Inc.

The Implications for Li Auto Investors: Why It Matters In the world of investing, accurate and timely information is paramount. Shareholders rely on such information for making informed decisions, and any misinformation can lead to financial losses. If you invested in Li Auto securities and incurred losses due to potentially misleading information, you may be eligible for compensation. This recovery process would not require any out-of-pocket fees or costs, as it would operate under a contingency fee arrangement. The legal team at Rosen Law Firm is gearing up to file a class action lawsuit aimed at recovering investor losses.

What Should Affected Investors Do? For shareholders looking to join the impending class action, the next steps are clear. Interested parties should visit the Rosen Law Firm's case submission form at rosenlegal.com or reach out directly to Phillip Kim, Esq. Prospective claimants can contact him via a toll-free phone call at 866-767-3653 or send an email to info@rosenlegal.com. These channels are open for investors seeking detailed information regarding participation in the class action.

Unsettling News for Li Auto Shareholders: A Detailed Account

The Crux of the Issue: Li Auto's Business Misstep The underlying issue that has sparked this investigation emerged on March 21, 2024, a day that started with unsettling news for Li Auto investors. The company announced via a Current Report on Form 6-K filed with the SEC that the anticipated vehicle deliveries for the first quarter of 2024 were undergoing a significant downward revision. Originally projecting 100,000 to 103,000 vehicle deliveries, Li Auto slashed estimates sharply to between 76,000 and 78,000 units. This sudden change of expectations was attributed to an order intake that did not meet forecasts. Moreover, the company admitted that its operational strategies for the Li MEGA, their high-tech flagship multipurpose family vehicle, were not appropriately paced.

Market Reaction: A Telling Slide in Stock Value The market's reaction to Li Auto's announcement was swift and negative. On the day of the news, the company's American Depositary Shares (ADSs) tumbled by $2.55 per share — a hefty 7.5% fall. By the end of trading on March 21, 2024, Li Auto's stock closed at $33.15 per ADS. Such a decline is indicative of the market's shaken confidence in the company's performance and projections.

Legal Expertise at the Helm: Why Rosen Law Firm Stands Out

Why Rosen Law Firm? A Legacy of Victories and Recognitions When it comes to selecting legal counsel, the expertise and track record of a firm are critical components to consider. Investors are encouraged to choose counsel with a history of success in leadership roles within litigations they undertake. Unlike some firms that issue notices without comparable experiences or meaningful peer recognition, Rosen Law Firm stands apart. It specializes in representing investors worldwide, focusing its practice in securities class actions and shareholder derivative litigation. The firm has the accolade of securing the largest-ever securities class action settlement against a Chinese Company.

The Rosen Law Firm's prowess is not only evident through its victories but also through its recognition in the legal community. It was ranked No.1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently been in the top 4 every year since 2013. These achievements underscore the firm's capacity to recover substantial sums for investors, exemplified by the remarkable $438 million secured in 2019 alone.

Moreover, in 2020, the founding partner of the firm, Laurence Rosen, was distinguished as a Titan of Plaintiffs' Bar by law360, acknowledging his significant contributions and success in the field. Many other attorneys at the firm enjoy recognition by esteemed legal ranking entities such as Lawdragon and Super Lawyers. It must be highlighted, however, that past accolades do not guarantee future outcomes, but they do demonstrate the firm's commitment to excellence.

Stay Informed: Connect with Rosen Law Firm

The Rosen Law Firm extends its reach beyond the courtroom to keep interested parties informed about their legal options and developments in ongoing cases. Those who wish to remain updated can follow the firm's updates on their LinkedIn profile at linkedin.com/company/the-rosen-law-firm, on Twitter @rosen_firm, or on Facebook at facebook.com/rosenlawfirm. These platforms allow the firm to engage with a broader audience and provide timely news about securities class action litigations.

A Note on Attorney Advertising As with all legal matters, it's important to recognize that previous results achieved by the Rosen Law Firm do not guarantee a similar outcome in future cases. Each legal case is unique, and outcomes depend on a myriad of factors specific to each situation.

Contacting the Rosen Law Firm Parties interested in learning more about the class action lawsuit or seeking legal advice can contact the firm at:

Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 Email: info@rosenlegal.com Visit the firm's website at www.rosenlegal.com

SOURCE: THE ROSEN LAW FIRM, P. A.

Final Words As an investor, recognizing the significance of a law firm with the caliber of Rosen Law Firm can be the deciding factor in the pursuit of justice and compensation. For those impacted, reaching out and taking part in the class action could be an essential step towards reclaiming any losses suffered due to the activities of Li Auto Inc.

The information regarding the investigation and potential class action against Li Auto is a matter of significant importance for all parties involved, and as such, the Rosen Law Firm is taking a determined stance to advocate for shareholder rights and ensure that any misleading actions by the company are adequately addressed and remedied.

Investors impacted by the purportedly misleading business information disclosed by Li Auto Inc. are strongly encouraged to seek legal counsel and weigh their options for recovery. With industry-leading expertise and a track record of securing investor recoveries, the Rosen Law Firm endeavors to continue its mission of offering robust legal representation for its clients.

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