Rosen Law Firm Files Class Action Lawsuit Against Lufax Holding Ltd

Investors Encouraged to Secure Counsel Before Important Deadline in Securities Case

Mar. 22, 2026 at 2:48am

Got story updates? Submit your updates here. ›

Rosen Law Firm, a global investor rights law firm, has filed a class action lawsuit on behalf of purchasers of Lufax Holding Ltd (NYSE: LU) securities between April 7, 2023 and January 26, 2025. The lawsuit alleges that Lufax made false and/or misleading statements and failed to disclose material information about its internal controls and financial results during this period, causing investors to suffer damages.

Why it matters

The Rosen Law Firm is a prominent player in securities class action lawsuits, having achieved the largest ever settlement against a Chinese company and being ranked among the top firms for securities class action settlements in recent years. This case against Lufax, a Chinese financial technology company, is the latest in a series of high-profile lawsuits the firm has taken on, underscoring the continued scrutiny of Chinese companies by U.S. investors and regulators.

The details

According to the lawsuit, Lufax made false and/or misleading statements and failed to disclose that the company lacked adequate internal controls, and that certain of Lufax's financial results were materially misstated. The lawsuit claims that when the true details about Lufax's business, operations, and prospects entered the market, investors suffered damages.

  • The class period covers securities purchased between April 7, 2023 and January 26, 2025.
  • Investors must move the court to serve as lead plaintiff by May 20, 2026.

The players

Rosen Law Firm

A global investor rights law firm that has filed the class action lawsuit against Lufax Holding Ltd.

Lufax Holding Ltd

A Chinese financial technology company whose securities are the subject of the class action lawsuit.

Got photos? Submit your photos here. ›

What they’re saying

“To join the Lufax class action, go to https://rosenlegal.com/submit-form/?case_id=53703 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.”

— Phillip Kim, Esq.

What’s next

Investors must move the court to serve as lead plaintiff by May 20, 2026 in order to participate in the class action lawsuit.

The takeaway

This case highlights the continued scrutiny of Chinese companies by U.S. investors and regulators, as well as the important role that class action lawsuits can play in holding companies accountable for alleged financial misstatements and lack of internal controls.