ROSEN Law Firm Encourages Lufax Investors to Secure Counsel Before Deadline

Class action lawsuit filed over alleged financial misstatements by Chinese fintech company

Mar. 28, 2026 at 12:56am

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The 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 about its internal controls and financial results during this period, causing investors to suffer damages when the truth came to light.

Why it matters

This case highlights the importance of financial transparency and accurate reporting, especially for publicly traded companies. Investors rely on companies to provide truthful information, and allegations of misstatements can erode trust and lead to significant losses. The Rosen Law Firm is seeking to recover damages on behalf of Lufax investors affected by the alleged misconduct.

The details

According to the lawsuit, Lufax is accused of making false and/or misleading statements about its internal controls and financial results during the class period. Specifically, the lawsuit claims that Lufax lacked adequate internal controls and that certain of its financial results were materially misstated, leading to investors suffering damages when the truth came to light.

  • The class period covers the period from April 7, 2023 to January 26, 2025, both dates inclusive.
  • Investors have until May 20, 2026 to move the court to serve as lead plaintiff in the securities class action first filed by the Rosen Law Firm.

The players

Rosen Law Firm

A global investor rights law firm that has filed the class action lawsuit on behalf of Lufax investors.

Lufax Holding Ltd

A Chinese fintech company that is accused of making false and/or misleading statements about its internal controls and financial results.

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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 have until May 20, 2026 to move the court to serve as lead plaintiff in the securities class action first filed by the Rosen Law Firm.

The takeaway

This case highlights the importance of financial transparency and accurate reporting for publicly traded companies. Investors rely on companies to provide truthful information, and allegations of misstatements can erode trust and lead to significant losses. The Rosen Law Firm is seeking to recover damages on behalf of Lufax investors affected by the alleged misconduct.