Li Auto Inc. Investigation - LI
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Robbins Geller Rudman & Dowd LLP announces an investigation into potential violations of U.S. federal securities laws by Li Auto Inc. (NASDAQ: LI) focused on whether Li Auto and certain of its top executive officers made false and misleading statements and/or failed to disclose material information to investors.
If you have information that could assist in this investigation or if you are a Li Auto investor who suffered a loss and would like to learn more, you can provide your information in the form on this page. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at email@example.com.
THE COMPANY: Li Auto designs, develops, manufactures, and sells premium smart electric vehicles. Li Auto began volume production in 2019.
THE REVELATION: On December 9, 2022, Li Auto announced an $0.18 Earnings Per American Depository Share (or “EPADS”) loss for the third quarter of 2022, double the loss anticipated. Li Auto also missed revenue expectations by $60 million and posted a gross margin of 12.7%, compared to a gross margin of 23.3% in the third quarter of 2021. Li Auto further revealed that its president and director had resigned. On this news, the price of Li Auto American Depositary Shares (or “ADSs”) declined by more than 12%.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.