Luckin Coffee Luckin # Sues Luckin Attorneys for $30 Million in Attorney Fees # New York Federal Judge John P. Cronan today awarded $30 million in legal fees and $721,000 in litigation costs for lawyers who secure $175 million in cash damages for Luckin creditors
In February 2020, after a short-selling company released an anonymous report saying that LG was in February 2020, after a short-selling company released an anonymous report that Luckin had fabricated some financial performance indicators from the third quarter of 2019, investors first filed a lawsuit against the company that had tried to compete with Starbucks, after which Luckin admitted to falsifying about $300 million in sales between the second and fourth quarters of 2019
The Cayman Islands Grand Court, where Luckin Coffee is registered, appointed joint interim liquidators in July 2020 to oversee Luckin's operations and negotiate with creditors who disclosed in January 2021 that they had entered into a principled agreement with Luckin's bondholders
