LU Investors Have Opportunity to Lead Lufax Holding Ltd Securities Fraud Lawsuit

The Schall Law Firm reminds investors of a class action lawsuit against Lufax Holding Ltd.

Mar. 22, 2026 at 11:18pm

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The Schall Law Firm, a national shareholder rights litigation firm, is reminding investors of a class action lawsuit against Lufax Holding Ltd. (NYSE: LU) for violations of the Securities Exchange Act of 1934. Investors who purchased the company's securities between April 7, 2023 and January 26, 2025 are encouraged to contact the firm before May 20, 2026 to participate in the lawsuit.

Why it matters

This lawsuit alleges that Lufax made false and misleading statements to the market, failed to maintain appropriate internal controls, and materially misstated certain financial results, which caused investors to suffer damages when the truth about the company was revealed.

The details

According to the complaint, Lufax violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The class period for the lawsuit is from April 7, 2023 to January 26, 2025.

  • The class period for the lawsuit is from April 7, 2023 to January 26, 2025.
  • Investors have until May 20, 2026 to contact the Schall Law Firm to participate in the lawsuit.

The players

Lufax Holding Ltd

A financial technology company that provides lending and wealth management services in China.

The Schall Law Firm

A national shareholder rights litigation firm that specializes in securities class action lawsuits and shareholder rights litigation.

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What they’re saying

“We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.”

— Brian Schall, Attorney, The Schall Law Firm

What’s next

The judge in the case will decide on whether to certify the class by May 20, 2026.

The takeaway

This lawsuit highlights the importance of holding public companies accountable for making false and misleading statements to investors. Investors who purchased Lufax securities during the class period should consider participating in the lawsuit to recover their losses.