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Class action lawsuit filed against Lufax over alleged securities fraud and financial disclosure issues.

Market News
02 Apr 2026
PRNewsWire
View Source
Bearish
pluang ai news

A class action lawsuit has been filed against Lufax Holding Ltd., accusing the company and some of its officers of securities fraud and unlawful business practices. This follows Lufax's announcement to remove its auditor, PwC, due to serious concerns about the reliability of its 2022 and 2023 financial reports. The news caused Lufax's stock price to drop nearly 22% over three trading days. Investors who purchased Lufax securities during the class period have until May 20, 2026, to seek lead plaintiff status in the case.

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