Lufax Holding Ltd. Investors File Class Action Lawsuit Over Misstatements and Lack of Internal Controls

Lufax Holding Ltd. has been sued for allegedly making material misstatements in their financial reports and lacking adequate internal controls. The lawsuit claims that Lufax fired their auditor, PricewaterhouseCoopers, due to concerns about their financial disclosures. As a result, Lufax ADSs fell significantly. Investors who purchased or acquired Lufax securities between April 7, 2023, and January 26, 2025, may be eligible to participate in the class action.