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January 26, 2021 - Luckin Coffee is a Chinese coffee chain founded in Beijing in 2017. In April 2020, the company revealed it had inflated its 2019 sales revenue by up to $310 million US dollars. This led to a crash in the stock price. Many investors suffered financial losses, and there now several related lawsuits.  

Luckin Coffee Stock Fraud & Lawsuit

I had a limit order to buy at $20/share and it filled me during the drop and I rode it all the way down. Screw me

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I did lose, Luckin Coffee was a lesson learnt. I didn't understand coffee, but invested. Then decided, I do understand tech and should stay away from coffee stocks. $SBUX replaced with $AYX. $TD replaced with $TTD and so on. All this in April.

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I lost money on luckin coffee . They need to make it right . They need to refund investor

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I'm $2k invested as well on robinhood and don't know the probability of them getting relisted on nasdaq again. At this point I'm researching what the options are and what is the best decision to take.

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Went all in on Luckin Coffee last year. That was a mistake.

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I got in December (2019) where I was really excited about the stock. I planned to hold it long term and keep adding. I also hold SBUX. Even after the Muddy Waters report and Coronavirus drove the stock down, I held and was still optimistic the stock... See More would hold weight. But the minute the news broke the COO was accused of fraud and inflating revenue numbers I dumped it as soon as markets opened. It’s a shame because I really liked the business model and coffee is growing hype in China. I took an 80% loss on the sale but I’m not sorry for it one bit. It’s not worth my time and money to suffer the fallout of company leaders lying to shareholders and regulatory agencies.

Source: Reddit
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I lost $240k on Luckin Coffee, all my life savings. Now I'm broke af. I believed luckin was growing strong and becoming the next asia starbucks. I didn't know they could cheat on balance sheet, and had no idea about VIE structure and that a company can... See More just fail in 3 months. From Nov to Jan did a 300% gain. I was just late to the party and entered at the wrong time, and played really badly.... I learned the lesson the hard way and I'm gonna just invest in etfs, gold and bonds for the rest of my hopefully long but quite useless life.

Source: Reddit
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Investors who have suffered losses on Luckin Coffee investments have potential legal claims under U.S. securities laws. Investors who purchased Luckin Coffee ADSs may be able to sue Luckin Coffee, the directors of Luckin Coffee, the Company’s auditor and the underwriters of Luckin Coffee to recover their... See More losses.

Investors who have suffered losses on their purchases of Luckin Coffee ADSs may have strong legal claims under the U.S. securities laws because, Luckin Coffee has now admitted that its 2019 sales were fabricated by senior officers of the Company;

Apart from Luckin Coffee itself, other persons may be potentially liable, including underwriters of Luckin Coffee’s IPO and SO, and Luckin Coffee’s auditors.
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Luckin Coffee is a coffee retailer founded in 2017 based in Xiamen, the People’s Republic of China. Luckin Coffee owns and operates stores selling food and beverages, as well as a mobile application for food and beverage purchases.

On May 17, 2019, Luckin Coffee conducted an Initial... See More Public Offering (“IPO”) of its ADSs.

On January 31, 2020, Muddy Waters Research published a report stating that Luckin Coffee had fabricated portions of its financial statements beginning in the third quarter of 2019, citing “smoking gun evidence” such as thousands of hours of store video, customer receipts, and monitoring of the Company’s mobile application data. On this news, the price of Luckin Coffee ADSs fell from $36.40 per share on January 30, 2020, to $32.49 per share on January 31, 2020.

On February 3, 2020, Luckin issued a press release denying Muddy Waters’s allegations. The Company “categorically denie[d] all allegations in the [Muddy Waters] Report” and assured investors that the “methodology of the Report is flawed, the evidence is unsubstantiated, and the allegations are unsupported speculations and malicious interpretations of events.”

On April 2, 2020, contrary to its previous denials, Luckin Coffee disclosed that it had conducted an internal investigation and had found that Luckin Coffee’s Chief Operating Officer Jian Liu and several of his direct reports had fabricated over $300 million of sales beginning in the second quarter of 2019. On this news, the price of Luckin Coffee ADSs fell from $26.20 per share on April 1, 2020 to $6.40 per share on April 2, 2020 – a decline of over 75%.

Luckin Coffee ADSs have now been delisted from trading on the NASDAQ.
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Recent Interesting Reports

Babyganics is voluntarily recalling two lots of 20-ounce bottles of babyganics® 20oz chamomile verbena bubble bath, due to the presence of the bacterium Pluralibacter gergoviae. The products were sold in the last two months only at select retailers in the U.S.

During internal testing related to product... See More shelf life across the Babyganics bubble bath line, it was discovered that two specific lot numbers of this product contained the bacterium. While infants may be more susceptible than adults, Pluralibacter gergoviae does not usually cause healthy individuals to become sick. However, it may pose a risk of infection to those who are immunocompromised or have broken or irritated skin, such as diaper rash.

The only products affected are babyganics® 20oz chamomile verbena bubble bath UPC 8 13277 01375 4 with lot codes Y314 and Y315 found at the bottom of the packaging and contained in a white plastic bottle with a green plastic lid.

The testing confirmed that no other Babyganics products contained this bacterium. Babyganics takes pride in its commitment to vigorous consumer safety standards and providing peace of mind for parents, which is why the decision was made to voluntarily recover these bottles from retailers and to proactively reach out to consumers. Consumers with the affected product will be provided with a full refund after submitting their product and contact information at the company website. Consumers who have come into contact with the affected product and aren’t feeling well should contact their doctor.

Company name: Babyganics
Brand name: Babyganics
Product recalled: Chamomile verbena bubble bath
Reason of the recall: Presence of the bacterium Pluralibacter gergoviae, a bacterium
FDA Recall date: April 20, 2022

Source: fda.gov
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Had a power surge this morning with a loud pop and what sounded like something was being pulled off of our house. It was our for three hours and came back on.. now it is off again. See Less
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A product being advertised on Amazon and across social media, a detachable step plate that attaches to the latching mechanism of a vehicle and rests in the door jamb, has the potential to cause severe injury or death, damage to vehicles, and potential harm to bystanders. It... See More poses a major fall risk, braces against a part of the vehicle that can be damaged easily, can cause broken bones and the chance of slamming the head against the vehicle and ground causing severe injury, laceration, impaction, and death from the fall. It is a direct threat to the elderly, children, and the average targeted consumer. Under no circumstances is this product ok to be selling at all. That spot of your car is not mean to hold that much weight under those circumstances. Repeated stress on that weakens it. It also pulls it out of alignment in small increments causing progressive worsening of stressors on the door hinges, the weather stripping and seals on the door from extra pressure along the bottom, and potential problems with the locking mechanism so that one day when you think it's locked it won't be. Or the latch decided to not properly catch and opens while driving. Not to mention the lack of propper safety measures for yourself in this instance alone. The step plate can easily rotate under the foot and become dislodged due to stress on the locking mechanism and pressure on the door jamb where it's not intended to be placed. Not all vehicles have the same door jamb construction either making this even more of a risk that it doesn't rest in the same way on all vehicle models posing even more threat to the user and the property around them plus the vehicle.

Perhaps even more concerning is at least one model mentions that "The wide platform of the pedal offers plenty of stability, enough room for nearly both feet, and can safely hold up to 400lbs." NEARLY both feet. This is even more concerning as it tells the consumer that you can't fully rest your entire self safely on the product as they intend you to. You can't prevent a fall if you can't even fully stand on the step. It also fails to address what size foot it is referring to in the first place. Foot sizes vary greatly. This product and all others like it being sold are extremely dangerous and are putting lives at risk and utilizing a part of a vehicle in a way strictly forbidden by vehicle manufacturers for the safety of the consumer. This may even void the warranty of the vehicle in some cases of damage.

For an example of one of the offending products you can see the following listing on Amazon.com
amazon.com

Also note in this particular version that it states it sits even higher than others like it increasing the chance and risk involved as well. The trend of these devices on social media is alarming. And the threat is great.
See the following for an example on social media: facebook.com
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It's a sexual supplement, called Captain Boss Bully Ruby 10000. My wife and I both took one each. We both started shaking horribly uncontrollably, our heads started throbbing, and we started sweating profusely. I started throwing up she didn't. Both of us had problems with our eyes.... See More Eyes were bloodshot red and super glassy. Don't know what's in those but it's nothing like the pink pussycat pill or the Rhino pills. | Symptoms: Nausea, Vomiting, Sweating, Shaking See Less
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I just opened My package and the sunglasses are in many pieces broken and I wanted to wear them next week on My trip to Annapolis to see My Granddaughter Graduate the Naval Academy See Less
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My dog has been having seizures for 2 year's w no known cause after many tests & trips to the emergency vet. He started throwing up the peanut butter dream bones, I finally found the source of his seizures & him being not well. I am outraged... See More that these so called treats would be on the market! After all my family is going through. After reading how many families have lost their fur babies from these poisonous, dangerous "treat"!! There is no amount of money that could give my family our time back w the worst experience for the past 2 years!!! It's literally killing him! What's wrong w you people???.!!!! See Less
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I order an Africa fabric from amazon. it was sent to the USPS Avenel NJ location via SF Express. my package was scanned in that facility at 9.05am on 4/11/2022 until now 4/29/2022 my package is seating in that facility. I have no information. Why is my package not being delivered? See Less
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St. Paul, Minnesota, Fagron Inc. (“Fagron”) is voluntarily recalling two lots of SyrSpend SF Cherry to the hospital, pharmacy, and distributor level out of an abundance of caution. The affected lots are potentially contaminated with Burkholderia gladioli.

Burkholderia gladioli is an opportunistic pathogen most commonly affecting patients... See More with respiratory disease. Patients with compromised immune systems such as those with Cystic Fibrosis are at higher risk. Burkholderia gladioli also can cause complications after transplants. Exposure to contaminated product could lead to adverse events, which could be severe for at-risk individuals.

Fagron has received three complaints regarding an undesirable smell associated with the product. To date, Fagron has not received any reports of adverse events related to the product being recalled. Fagron sells this product for the extemporaneous compounding of prescriptions for oral dosing. The affected lots with expiration dates are listed below.

Affected products:
Lot: A67185
Item number: 805359
Size: 500 mL
NDC number: 51552-1123-5
Expiration date: 08/31/2024

Lot: A67186
Item number: 802496
Size: 4 L
NDC number:51551-1123-9
Expiration date: 08/31/2024

Fagron has already notified its distributors and customers by phone, e-mail, and/or letter and is arranging for return of all recalled products. Hospitals, pharmacies, and distributors that possess affected product should quarantine this material and await further instructions from Fagron or Fagron’s recall coordinator. Please immediately discontinue use or distribution of the recalled product. Consumers should contact their physician or healthcare provider if they have experienced any problems that may be related to taking or using this product.

This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.

Company name: Fagron Inc.
Brand name: Fagron
Product recalled: SyrSpend SF 500mL and 4L
Reason of the recall: Potential contamination with Burkholderia gladioli
FDA Recall date: May 02, 2022

Source: fda.gov
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Something is very wrong with the billing periods as well as the billing, my bill are always through the roof & when I’m paid up they’re always sending outstanding bills & when I call they always claim I’m behind & that isn’t true every month my bill... See More is over three hundred but my monthly usage is only one hundred so how is this even possible, I need some help here please investigate fairly & truthfully someone, I and the others who are like me thank you so much, no one is above the law & no one should be taken advantage of. See Less
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Pfizer is voluntarily recalling five (5) lots of Accupril (Quinapril HCl) tablets distributed by Pfizer to the patient (consumer/user) level due to the presence of a nitrosamine, Nnitroso-quinapril, observed in recent testing above the Acceptable Daily Intake (ADI) level.

Nitrosamines are common in water and foods, including... See More cured and grilled meats, dairy products and vegetables. Everyone is exposed to some level of nitrosamines. These impurities may increase the risk of cancer if people are exposed to them above acceptable levels over long periods of time.i Accupril is indicated for the treatment of hypertension, to lower blood pressure. 

Accupril is also indicated in the management of heart failure as adjunctive therapy when added to conventional therapy including diuretics and/or digitalis. Accupril has a safety profile that has been established over 30 years. To date, Pfizer is not aware of reports of adverse events that have been assessed to be related to this recall. Pfizer believes the benefit/risk profile of the products remains positive based on currently available data. Although long-term ingestion of Nnitroso-quinapril may be associated with a potential increased cancer risk in humans, there is no immediate risk to patients taking this medication. Patients currently taking the products should consult with their doctor or health care provider about alternative treatment options for them.

The NDC, Lot Number, Expiration Date, and Configuration details for these products are indicated in the tables below and photos of the products can be found at the end of this press release. The product lots were distributed nationwide to wholesalers and distributors in the United States and Puerto Rico from December 2019 to April 2022. Accupril® (Quinapril HCl Tablets), 10 mgAccupril® (Quinapril HCl Tablets), 20 mgAccupril® (Quinapril HCl Tablets), 40 mg.

NDC: 0071-0530-23
Lot Number: DR9639
Expiration Date: 2023 MAR 31
Strength: 10 mg
Configuration/ Count: 1 x 90 count bottle

NDC: 0071-0532-23
Lot Number: DX8682
Expiration Date: 2023 MAR 31
Strength: 20 mg
Configuration/ Count: 1 x 90 count bottle

NDC: 0071-0532-23
Lot Number: DG1188
Expiration Date: 2022 MAY 31
Strength: 20 mg
Configuration/ Count: 1 x 90 count bottle

NDC: 0071-0535-23
Lot Number: DX6031
Expiration Date: 2023 MAR 31
Strength: 40 mg
Configuration/ Count: 1 x 90 count bottle

NDC: 0071-0535-23
Lot Number: CK6260
Expiration Date: 2022 MAY 31
Strength: 40 mg
Configuration/ Count: 1 x 90 count bottle

Pfizer places the utmost emphasis on patient safety and product quality at every step in the manufacturing and supply chain process. Pfizer has notified direct consignees by letter to arrange for return of any recalled product.

Wholesalers and distributors with an existing inventory of the lots, listed in the table above, should stop use and distribution and quarantine the product immediately.

If you have further distributed the recalled product, please notify any accounts or additional locations which may have received the recalled product from you.

If you received free product through the Pfizer Patient Assistance Program (PAP) or the Pfizer Institutional Patient Assistance Program (IPAP), please check your stock immediately against the table above. If you have any of the affected product lots in your inventory, please follow the instructions above for returning the product to Sedgwick. Additionally, if you are aware of any patients to whom you dispensed the affected lots who still may have the product in their possession, please ask them to return the product to you.

Patients who are taking this product should consult with their healthcare provider or pharmacy to determine if they have the affected product.

Company name: Pfizer
Brand name: Pfizer
Product recalled: Accupril (Quinapril HCl) tablets 10mg, 20mg, 40 mg
Reason of the recall: Due to N-Nitroso-Quinapril Content
FDA Recall date: April 22, 2022

Source: fda.gov
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