Lufax Investors Invited to Lead Securities Fraud Lawsuit

The Schall Law Firm announces opportunity for Lufax shareholders to join class action lawsuit.

Mar. 22, 2026 at 5:38pm

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The Schall Law Firm, a national shareholder rights litigation firm, has reminded investors of a class action lawsuit against Lufax Holding Ltd (NYSE: LU) for alleged violations of federal securities laws. Investors who purchased Lufax securities between April 7, 2023 and January 26, 2025 are encouraged to contact the firm before May 20, 2026 to discuss their rights and potentially lead 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, causing damages to investors when the truth came to light. The outcome of this case could have significant implications for Lufax and its shareholders.

The details

According to the complaint, Lufax is accused of violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the U.S. Securities and Exchange Commission. The class period covers the period from April 7, 2023 to January 26, 2025, during which time the company is alleged to have made false and misleading statements.

  • The class period runs from April 7, 2023 to January 26, 2025.
  • Investors have until May 20, 2026 to contact the Schall Law Firm to discuss their rights and potentially lead the lawsuit.

The players

Lufax Holding Ltd

A Chinese fintech company that provides digital financial solutions and operates an online lending platform.

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 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, Schall Law Firm

What’s next

The judge will decide on May 20, 2026 whether to certify the class in this securities fraud lawsuit against Lufax.

The takeaway

This case highlights the importance of corporate transparency and accountability, as well as the role of shareholder lawsuits in holding public companies responsible for alleged misconduct that harms investors. The outcome could have significant financial and reputational implications for Lufax.