Luckin Coffee: Has fulfilled a $180 million civil penalty

【Luckin Coffee: Has fulfilled a civil penalty of $180 million】 On February 4, luckin Coffee said that it has fulfilled a civil penalty of $180 million. The penalty was the result of a previously disclosed settlement with the SEC. On December 16, 2020, Luckin Coffee announced that it had reached a settlement with the SEC in connection with an investigation into a fabrication transaction carried out by some of the company's former executives and employees. At the time, Luckin Coffee noted that the proposed settlement plan would have to be approved by the U.S. District Court for the Southern District of New York. According to public information, Luckin Coffee agreed to pay the SEC a civil fine of $180 million.